Lionel Nesta

Publications (32) View all

• Source

  Available from: Stefano Schiavo

  Article: Financial Constraints and Firm Export Behaviour

  Flora Bellone, Patrick Musso, Lionel Nesta, Stefano Schiavo
  [show abstract] [hide abstract]
  ABSTRACT: The paper analyses the link between financial constraints and firm export behaviour. Our main finding is that firms enjoying better financial health are more likely to become exporters. The result contrasts with the previous empirical literature which found evidence that export participation improves firm financial health, but not that export starters display any ex ante financial advantage. On the contrary, we find that financial constraints act as a barrier to export participation. Better access to external financial resources increases the probability to start exporting and also shortens the time before firms decide to serve foreign customers. This finding has important policy implications as it suggests that, in the presence of financial market imperfections, public intervention can be called for to help efficient but financially constrained firms to overcome the sunk entry costs into export markets and expand their activities abroad.
  World Economy 02/2010; 33(3):347 - 373. · 0.69 Impact Factor
• Source

  Available from: nexenservices.com

  Article: Are Export Premia Robust to Innovation Statistics?

  Flora Bellone, Lionel Nesta
  04/2009;
• Source

  Available from: Stefano Schiavo

  Article: Financial constraints as a barrier to export participation

  Flora Bellone, Patrick Musso, Lionel Nesta, Stefano Schiavo
  02/2008;
• Source

  Available from: Stefano Schiavo

  Article: Financial Constraints and Firm Export Behavior

  Flora Bellone, Patrick Musso, Lionel Nesta, Stefano Schiavo
  [show abstract] [hide abstract]
  ABSTRACT: The paper analyzes the link between financial constraints and firm export behavior. Our main finding is that firms enjoying better financial health are more likely to become exporters. The result contrasts with the previous empirical literature which found evidence that export participation improves firm financial health, but not that export starters display any ex-ante financial advantage. On the contrary, we find that financial constraints act as a barrier to export participation. Better access to external financial resources increases the probability to start exporting and also shortens the time before firms decide to serve foreign customers. This finding has important policy implications as it suggests that, in presence of financial markets imperfections, public intervention can be called for to help efficient but financially constrained firms to overcome the sunk entry costs into export markets and expand their activities abroad.
  02/2008;
• Source

  Available from: sciences-po.fr

  Article: The U-Shaped Productivity Dynamics of French Exporters

  Lionel Nesta, Flora Bellone, Patrick Musso, Michel Quere
  Review of World Economics (Weltwirtschaftliches Archiv). 02/2008; 144(4):636-659.