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Financial structures, banking regulations, and export dynamics

Author

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  • Minetti, Raoul
  • Mulabdic, Alen
  • Ruta, Michele
  • Zhu, Susan Chun

Abstract

This paper studies the impact of financial structures and regulations on export dynamics using data from a large panel of countries over the 1997–2014 period. The results suggest that bank-oriented financial systems can boost the number of exporters more than market-oriented systems. However, especially in lower income countries with lax bank regulation, banks tend to reduce the dynamism of the export sector, slowing down exporters’ entry and exit. This reduced dynamism appears to reflect domestic banks’ protection of incumbent exporters more than banks’ screening of entrants or buffering of incumbents in difficult times. Foreign banks mitigate these effects, enhancing the dynamism of the export sector.

Suggested Citation

  • Minetti, Raoul & Mulabdic, Alen & Ruta, Michele & Zhu, Susan Chun, 2021. "Financial structures, banking regulations, and export dynamics," Journal of Banking & Finance, Elsevier, vol. 124(C).
    • Handle: RePEc:eee:jbfina:v:124:y:2021:i:c:s0378426621000145
    DOI: 10.1016/j.jbankfin.2021.106056
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    Citations

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    Cited by:

    1. Pierluigi Murro & Valentina Peruzzi, 2022. "Relationship lending and the use of trade credit: the role of relational capital and private information," Small Business Economics, Springer, vol. 59(1), pages 327-360, June.
    2. Zeng, Shuai & Luo, Changyuan & Zhao, Laixun, 2023. "Destination trade credit and exports: Evidence from cross-country panel data," Journal of International Money and Finance, Elsevier, vol. 137(C).
    3. Ana P. Fernandes & Jing-Lin Duanmu, 2023. "Foreign Banks and Firms' Export Dynamics: Evidence from China's Banking Reform," Discussion Papers 2304, University of Exeter, Department of Economics.
    4. Dezhu Ye & Yunjue Huang & Xian Ye, 2023. "Financial Structure, Technology, and Economic Growth: A Structural Matching Perspective," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 31(1), pages 119-148, January.

    More about this item

    Keywords

    Export dynamics; Financial structures; Bank regulation;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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