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Agarwal, N., Lodefalk, M., Tang, A., Tano, S. & Wang, Z. (2019). Guaranteed Success?: The Effects of Export Credit Guarantees on Firm Performance. In: : . Paper presented at 16th Annual Ljubljana Empirical Trade Conference (LETC 2019), Izola, Slovenia, June 7-9, 2019.
Open this publication in new window or tab >>Guaranteed Success?: The Effects of Export Credit Guarantees on Firm Performance
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2019 (English)Conference paper, Oral presentation with published abstract (Refereed)
Abstract [en]

Many countries offer government-backed export credit guarantees to domestic firms. We investigate the effects of such guarantees on firm exports, jobs and value added. Using uniquely detailed and exhaustive transaction-level panel data on guarantees and granular information on trade, exporters and foreign buyers, we perform difference-indifferences matching estimations. We find that guarantees improve firm performance. However, the effects are strikingly heterogeneous across firm size and response variables. Using guarantees increases the firm-destination probability of exporting and the value of exports by 18 and 172 percent, respectively, but does not generally increase jobs or value added. Smaller firms benefit the most in terms of exports. Overall, the evidence suggests a causal link from guarantees to firm export performance.

Keywords
Export credit guarantees, Credit constraints, Trade, Firm performance
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:oru:diva-74664 (URN)
Conference
16th Annual Ljubljana Empirical Trade Conference (LETC 2019), Izola, Slovenia, June 7-9, 2019
Projects
Insatser för utrikeshandelns finansering
Funder
Torsten Söderbergs stiftelse, E38/16
Available from: 2019-06-12 Created: 2019-06-12 Last updated: 2019-06-28Bibliographically approved
Hatzigeorgiou, A. & Lodefalk, M. (2019). Migration and Servicification: Do Immigrant Employees Spur Firm Exports of Services?. The World Economy, 42(11), 3368-3401
Open this publication in new window or tab >>Migration and Servicification: Do Immigrant Employees Spur Firm Exports of Services?
2019 (English)In: The World Economy, ISSN 0378-5920, E-ISSN 1467-9701, Vol. 42, no 11, p. 3368-3401Article in journal (Refereed) Published
Abstract [en]

Services play an increasingly important role in production, employment and international trade but are subject to substantially higher trade costs relative to manufactured goods. Knowledge of how these trade costs can be mitigated is important for facilitating trade of services. In this paper, we analyze the role of immigrant employees as facilitators of firm exports of services, a role that remains largely unexamined. We bridge the gap in existing research by drawing on new data for nearly 30,000 Swedish firms during the period 1998-2007 within a heterogeneous firm framework. The results have important policy implications. As the multilateral approach to facilitating trade is challenged and more countries are imposing measures to restrict the cross-country mobility of people, policymakers may need to find new ways to promote exports of services. Our results indicate that immigrant employees spur firms’ export of services activities: hiring one additional foreign-born worker can increase services exports by approximately 2.5 percent, on average, with a stronger effect found for skilled and newly arrived immigrants. Therefore, policymakers could leverage the findings of this study to implement initiatives that utilize high-skilled immigrants to promote services exports.

Place, publisher, year, edition, pages
Blackwell Publishing, 2019
Keywords
Trade, firms, migration, services
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:oru:diva-74663 (URN)10.1111/twec.12838 (DOI)
Projects
Migration, integration och företagens globalisering - hur bidrar migration och integration i arbetslivet till företagens globalisering?
Funder
The Jan Wallander and Tom Hedelius Foundation, W2013-0425:1
Available from: 2019-06-12 Created: 2019-06-12 Last updated: 2019-11-14Bibliographically approved
Kyvik Nordås, H., Lodefalk, M. & Tang, A. (2019). Trade and jobs: a description of Swedish labor market dynamics. Örebro: Örebro University, School of Business
Open this publication in new window or tab >>Trade and jobs: a description of Swedish labor market dynamics
2019 (English)Report (Other academic)
Place, publisher, year, edition, pages
Örebro: Örebro University, School of Business, 2019. p. 27
Series
Working Papers, School of Business, ISSN 1403-0586 ; 2/2019
National Category
Economics
Identifiers
urn:nbn:se:oru:diva-76016 (URN)
Available from: 2019-09-02 Created: 2019-09-02 Last updated: 2019-09-03Bibliographically approved
Lodefalk, M. (2018). Den trumpska hästen. Ekonomisk Debatt, 46(5), 3-5
Open this publication in new window or tab >>Den trumpska hästen
2018 (Swedish)In: Ekonomisk Debatt, ISSN 0345-2646, Vol. 46, no 5, p. 3-5Article in journal, Editorial material (Other academic) Published
Place, publisher, year, edition, pages
Stockholm, Sweden: Nationalekonomiska Föreningen, 2018
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:oru:diva-69815 (URN)
Available from: 2018-10-24 Created: 2018-10-24 Last updated: 2018-11-12Bibliographically approved
Andersson, F., Johansson, D., Karlsson, J., Lodefalk, M. & Poldahl, A. (2018). Female Top Management in Family Firms and Non-family Firms: Evidence from Total Population Data. International Journal of Entrepreneurship and Small Business, 35(3), 303-326
Open this publication in new window or tab >>Female Top Management in Family Firms and Non-family Firms: Evidence from Total Population Data
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2018 (English)In: International Journal of Entrepreneurship and Small Business, ISSN 1476-1297, E-ISSN 1741-8054, Vol. 35, no 3, p. 303-326Article in journal (Refereed) Published
Abstract [en]

We exploit information on ownership, management and kinship to study the representation of women in top management teams in Swedish family and non-family firms among domiciled limited liability firms over the years 2004 to 2010. The share of female top managers is analysed across listed and non-listed firms as well as across industries. We then estimate the likelihood that a woman is elected into the top management team in family and non-family firms using a probit regression model where we control for firm- and individual-level characteristics, including the gender distribution of the firm and kinship relations to existing board members and firm owners. We find that non-listed family firms are more likely to appoint female top managers, whereas we find no differences among listed firms. Moreover, we find that the gender composition and kinship structures of firms influence the appointment of female top managers.

Place, publisher, year, edition, pages
InderScience Publishers, 2018
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:oru:diva-57683 (URN)10.1504/IJESB.2018.095903 (DOI)2-s2.0-85055855794 (Scopus ID)
Projects
Tillväxthinder i små och medelstora företag
Funder
Swedish Agency for Economic and Regional GrowthThe Jan Wallander and Tom Hedelius Foundation
Available from: 2017-05-16 Created: 2017-05-16 Last updated: 2019-04-24Bibliographically approved
Andersson, F. & Lodefalk, M. (2018). Svenska affärsänglar: hur lyckas de med sina investeringar?. Ekonomisk Debatt, 46(3), 29-39
Open this publication in new window or tab >>Svenska affärsänglar: hur lyckas de med sina investeringar?
2018 (Swedish)In: Ekonomisk Debatt, ISSN 0345-2646, Vol. 46, no 3, p. 29-39Article in journal (Other academic) Published
Abstract [sv]

Aktiebolag som affärsänglar investerar i blir med högre sannolikhet snabbväxande företag, s k gasellföretag, jämfört med ett slumpmässigt valt aktiebolag. Resultatet håller även efter att affärsänglarnas företag jämförts med liknande ”tvillingföretags” tillväxt. Detta kan indikera att det är affärsänglarna som bidrar och hjälper till att utveckla företag i stället för att de enbart väljer ut ”vinnarföretag” att investera i, s k picking cherries-beteende.

Place, publisher, year, edition, pages
Nationalekonomiska Föreningen, 2018
National Category
Economics
Identifiers
urn:nbn:se:oru:diva-75995 (URN)
Available from: 2019-09-01 Created: 2019-09-01 Last updated: 2019-09-12Bibliographically approved
Andersson, F., Johansson, D., Karlsson, J., Lodefalk, M. & Poldahl, A. (2018). The Characteristics of Family Firms: Exploiting Information on Ownership, Kinship and Governance Using Total Population Data. Small Business Economics, 51(3), 539-556
Open this publication in new window or tab >>The Characteristics of Family Firms: Exploiting Information on Ownership, Kinship and Governance Using Total Population Data
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2018 (English)In: Small Business Economics, ISSN 0921-898X, E-ISSN 1573-0913, Vol. 51, no 3, p. 539-556Article in journal (Refereed) Published
Abstract [en]

Family firms are often considered characteristically different from non-family firms. However, our understanding of family firms suffers from an inability to identify them in total population data; information is rarely available regarding owners, their kinship, and their involvement in firm governance. We present a method for identifying domiciled family firms using register data; this method offers greater accuracy than previous methods. We apply this method to Swedish data concerning firm ownership, governance, and kinship from 2004 to 2010. We find that the family firm is a significant organizational form, contributing over one third of all employment and gross domestic product (GDP). Family firms are common in most industries and range in size. Furthermore, we find that, compared to private non-family firms, family firms have fewer total assets, employment, and sales and carry higher solidity, although family firms are more profitable. These differences diminish with firm size. We conclude that the term “family firm” includes a large variety of firms, and we call for increased attention to their heterogeneity.

Place, publisher, year, edition, pages
Kluwer Academic/Plenum Publishers, 2018
Keywords
Entrepreneur, Family firms, Employment, GDP, Register data
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:oru:diva-61172 (URN)10.1007/s11187-017-9947-6 (DOI)000443439100003 ()2-s2.0-85030325971 (Scopus ID)
Projects
Familjeföretagandets betydelse
Funder
The Jan Wallander and Tom Hedelius FoundationSwedish Agency for Economic and Regional Growth
Available from: 2017-09-28 Created: 2017-09-28 Last updated: 2019-04-24Bibliographically approved
Lodefalk, M. & Tang, A. (2018). The impact of hiring top workers on productivity: What is the role of absorptive capacity?. Applied Economics Letters, 25(20), 1402-1406
Open this publication in new window or tab >>The impact of hiring top workers on productivity: What is the role of absorptive capacity?
2018 (English)In: Applied Economics Letters, ISSN 1350-4851, E-ISSN 1466-4291, Vol. 25, no 20, p. 1402-1406Article in journal (Refereed) Published
Abstract [en]

We examine the heterogeneous productivity impacts of hiring top workers on small and medium-sized enterprises, exploiting matched employer–employee panel data and employing within-firm as well as matching and difference-in-difference estimators. The results provide robust evidence that the productivity impact is stronger for firms with higher absorptive capacity. Technological laggards within an industry benefit more strongly from hiring top workers if their workforce is more well-educated.

Place, publisher, year, edition, pages
Routledge, 2018
Keywords
Recruitment, knowledge spillover, productivity, SME, absorptive capacity
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:oru:diva-64112 (URN)10.1080/13504851.2017.1422594 (DOI)000443839000001 ()2-s2.0-85040997692 (Scopus ID)
Projects
Snabbväxande företag och kunskapsöverföring
Funder
The Jan Wallander and Tom Hedelius Foundation, W2013-0425:1
Available from: 2018-01-12 Created: 2018-01-12 Last updated: 2018-09-24Bibliographically approved
Lodefalk, M. (2017). Behovet av en ny handelspolitik. Ekonomisk Debatt, 45(6), 3-5
Open this publication in new window or tab >>Behovet av en ny handelspolitik
2017 (Swedish)In: Ekonomisk Debatt, ISSN 0345-2646, Vol. 45, no 6, p. 3-5Article in journal, Editorial material (Other academic) Published
Place, publisher, year, edition, pages
Stockholm, Sweden: Nationalekonomiska Föreningen, 2017
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:oru:diva-69816 (URN)
Available from: 2018-10-24 Created: 2018-10-24 Last updated: 2018-11-12Bibliographically approved
Gidehag, A. & Lodefalk, M. (2017). Recruiting for Small Business Growth: Micro-Level Evidence. International Reveiw of Entrepreneurship, 15(2), 151-174, Article ID 1554.
Open this publication in new window or tab >>Recruiting for Small Business Growth: Micro-Level Evidence
2017 (English)In: International Reveiw of Entrepreneurship, ISSN 2009-2822, Vol. 15, no 2, p. 151-174, article id 1554Article in journal (Refereed) Published
Abstract [en]

We examine the link between new employees in leading positions and subsequent productivity in small- and medium-sized enterprises (SMEs). Managers and professionals are likely to possess important tacit knowledge. They are also in a position to influence the employing firm. Exploiting rich and comprehensive panel data for Sweden in the 2001-2010 period and employing semi-parametric and quasi-experimental estimation techniques, we find that newly recruited professionals have a positive and statistically significant impact on the productivity of the hiring SME. For newly recruited managers there is no general link to the productivity of the hiring SME. We also find that professionals with experience from international firms and enterprise groups contribute the most to total factor productivity. Overall, the findings suggest the importance of mobility of key personnel for productivity-enhancing knowledge spillovers to SMEs.

Place, publisher, year, edition, pages
Senate Hall Ltd, 2017
Keywords
recruitment, knowledge spillovers, firm growth, productivity, SME
National Category
Business Administration
Identifiers
urn:nbn:se:oru:diva-59316 (URN)000406063300002 ()
Note

Funding Agencies:

Swedish Agency for Growth Policy Analysis  

Jan Wallander and Tom Hedelius Research Foundation  

Available from: 2017-08-24 Created: 2017-08-24 Last updated: 2017-10-18Bibliographically approved
Organisations
Identifiers
ORCID iD: ORCID iD iconorcid.org/0000-0003-0149-9598

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