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Relationship Among R&D, Productivity, And Firm Exports: The Moderating Role Of Credit Constraints

Author

Listed:
  • Dengjun ZHANG

    (UiS School of Business and Law, University of Stavanger, Norway)

  • Ermanno AFFUSO

    (Mitchell College of Business, University of South Alabama, Mobile, USA)

  • Jan BULECA

    (Faculty of Economics, Technical University of Kosice, Slovak Republic)

  • Peter TOTH

    (Faculty of Economics, Technical University of Kosice, Slovak Republic)

  • Rudresh PANDEY

    (Oslo Business School, Oslo Metropolitan University, Norway)

Abstract

Innovative and productive firms are more likely to export and earn a great intensive margin. However, credit constraints may disconnect or distort the linkage between export determinants and export margins. In this study, we explore whether credit constraints affect the role of R&D and productivity play in export propensity (whether a firm exports or not) and export intensity (export share in total annual sales). Using data on Indian manufacturing firms, our empirical results indicate that, while limited access to finance does not affect the R&D–exports linkage, it prevents productive firms from obtaining great export intensity. We also test whether credit constraints affect the roles of other determinants in export margins.

Suggested Citation

  • Dengjun ZHANG & Ermanno AFFUSO & Jan BULECA & Peter TOTH & Rudresh PANDEY, 2025. "Relationship Among R&D, Productivity, And Firm Exports: The Moderating Role Of Credit Constraints," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 20(1), pages 281-292, April.
    • Handle: RePEc:blg:journl:v:20:y:2025:i:1:p:281-292
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