Small, young, and exporters: New evidence on the determinants of firm growth

Marco Grazzi, Daniele Moschella

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

19 Citazioni (Scopus)

Abstract

This work investigates how the export status of the firm influences the patterns of employment growth at different age classes. We address this research question resorting to a novel set of data that links together the universe of Italian firms and detailed data on export transactions. We find that the positive relationship between export status and growth declines with firm age. Further, we also find that, even when accounting for the role of age, the negative size-growth relationship does not disappear, contrary to some recent evidence. These results suggest a positive signaling role of the export status that is stronger for young exporters or born globals. Exploiting the product-country level dimension of the customs data, we also provide, for the first time, evidence on differences in exchange rates pass-through between young and experienced exporters. In particular, we find that early exporters appear to be better equipped than established firms to face exchange rates variations as their exports decrease less following a currency appreciation.
Lingua originaleEnglish
pagine (da-a)125-152
Numero di pagine28
RivistaJournal of Evolutionary Economics
Volume28
DOI
Stato di pubblicazionePubblicato - 2018

Keywords

  • Born global
  • Business
  • Economics and Econometrics
  • Exchange rates pass-through
  • Firm age and performance
  • Firm growth
  • International trade
  • Management and Accounting (all)

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