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The impact of financial factors on export decisions: The evidence from Turkey

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  • Akarım, Yasemin Deniz
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    Abstract

    The paper tests the validity of the financial constraint hypothesis in Turkey. In this context, we apply a panel logit model by using the dataset of firms whose stocks are traded in Istanbul Stock Exchange (ISE) for the period 2000–2011. As a result of analysis, we find that the financial constraint hypothesis is not valid in Turkey. The findings are crucial for firms in Turkey since the hypothesis has not been tested before for Turkey.

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    File URL: http://www.sciencedirect.com/science/article/pii/S0264999313002563
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    Article provided by Elsevier in its journal Economic Modelling.

    Volume (Year): 35 (2013)
    Issue (Month): C ()
    Pages: 305-308

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    Handle: RePEc:eee:ecmode:v:35:y:2013:i:c:p:305-308
    DOI: 10.1016/j.econmod.2013.06.038
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/30411

    Keywords: International trade; Financial constraint hypothesis; Panel logit model;

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