光华讲坛——社会名流与企业家论坛第3036期

主 题：Financing and the Decision to Export: Evidence from Chinese Firm-Level Data

主 讲 人：Jinlan NI, University of Nebraska, Omaha

主 持 人：Zhao RONG, Associate Professor, RIEM

时 间：2013年9月22日13:55-15:50

地 点：H513 Yide Hall, Liulin Campus

主办单位：经济与管理研究院 科研处
主讲人简介：

Education

Ph.D. Economics Krannert School of Management, Purdue University 2004

Grants and Awards

Outstanding Graduate Economics Professor, University of Nebraska at Omaha, 2009.

Chow Short-term Summer Teaching Program Award, Chinese Economist Society, 2008.

Robert W. Johnson Award for Distinguished Research Proposal, Purdue University, 2002

Certificate of Recognition for Teaching Excellence, Purdue University, 2002

Purdue University Research Foundation (PRF) Grant, 2002-2003

Purdue University Summer PRF Research Grant, 2002

Peking University Si Cuan Liang Yi Scholarship, 1997-1998

Peking University Guang Hua Scholarship, 1996-1997
内容提要：

The paper provides a comprehensive analysis of the ex ante characteristics of exporters using firm-level data for close to 200,000 manufacturing firms operating in China. Results show that among firms with no prior export experience, those with lower liquidity are more likely to be successful foreign market entrants, but the propensity to export is not associated with firm leverage. Together, these suggest that firms in China draw on internal funds when expanding into foreign markets whilst foreign market expansion is not a function of firm’s access to external financing. We also find evidence that regardless of past export experience, export propensity and intensity increase with firm size and labor-skill intensity; only productive firms continue to export; the propensity to export for the first time is also positively associated with sustained prior R&D investments and, these investments translate to sizeable exports where none are observed before; finally, firms’ ownership structure also contributes to discernible differences in firms’ exporting propensity and intensity.