岭南学术论坛－金融学系列Seminar－Does Easing Access to Financing Matter for Firm Performance?

发布人：金钊 发布日期：2022-05-23
活动时间
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岭南学术交流会（金融学系）

报告题目：Does Easing Access to Financing Matter for Firm Performance?

报  告 人：Sushanta Kumar Mallick  (Professor, Queen Mary, University of London)

主  持 人：罗党论（中山大学岭南学院，教授）

时       间：2020年1月13日（周一）上午 10:00-11:30

地       点：岭南学院伍舜德会议室

语       言：英文

 

 

Abstract:  

Research shows that financial reforms stimulate aggregate productivity. However, the literature overlooks the links among access to financing, firm-level productivity, and exporting performance. We fill this gap using a rich dataset of 11,612 Indian firms over the period 1988-2014 to study how a unique financial policy intervention affects firm performance. We document a significant effect of capital-account liberalization through the lens of an export-oriented policy initiative on firms’ productivity and consequently on their exporting activity. Finally, we find that the benefits of the policy change are more pronounced for financially vulnerable firms in terms of debt dependence and liquidity.

 

 

 

 

欢迎师生参加！