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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)000494615500010 ()
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: 2019-11-22Bibliographically approved
Lodefalk, M., Tang, A. & Tano, S. (2019). Statliga garantier i utrikeshandeln: Mönster, effekter och reflektioner. Ekonomisk Debatt, 47(8), 38-51
Open this publication in new window or tab >>Statliga garantier i utrikeshandeln: Mönster, effekter och reflektioner
2019 (Swedish)In: Ekonomisk Debatt, ISSN 0345-2646, Vol. 47, no 8, p. 38-51Article in journal (Other academic) Published
Abstract [sv]

Många länder erbjuder exportkreditgarantier där staten mot en premie utfäster sig att betala exportören om den utländska kunden inte gör det. Vi beskriver det svenska systemet under Exportkreditnämnden, med fokus på små- och medel- stora företag, och undersöker effekterna av sådana garantier på företags export, sysselsättning och förädlingsvärde. Vi finner att garantierna påverkar såväl inträde i export som värdet på exporten positivt. Vi noterar att effekterna är mycket heterogena över olika typer av företag och utfallsvariabler, där de min- dre företagens export underlättas avsevärt mer än de stora företagens. För vissa företag och transaktioner ser vi även effekter på jobb och förädlingsvärde. Vi avslutar med att diskutera policyimplikationer.

Place, publisher, year, edition, pages
Nationalekonomiska Föreningen / Swedish Economic Society, 2019
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:oru:diva-78900 (URN)
Projects
Insatser för utrikeshandelns finansiering
Funder
Torsten Söderbergs stiftelse, E38/16
Available from: 2020-01-07 Created: 2020-01-07 Last updated: 2020-02-13Bibliographically approved
Agarwal, N., Lodefalk, M., Stenberg, M., Tang, A., Tano, S. & Wang, Z. (2019). The effects of export credit guarantees on firm performance.
Open this publication in new window or tab >>The effects of export credit guarantees on firm performance
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2019 (English)Other (Other academic)
Keywords
trade, Export, credit guarantees, firm performance, Sweden
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:oru:diva-78888 (URN)
Projects
Insatser för utrikeshandelns finansiering
Funder
Torsten Söderbergs stiftelse, E38/16
Available from: 2020-01-07 Created: 2020-01-07 Last updated: 2020-01-09Bibliographically 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
Kyvik Nordås, H., Lodefalk, M. & Tang, A. (2019). Utrikeshandel, löner och rörlighet. In: Lotta Stern (Ed.), En dynamisk arbetsmarknad: . Stockholm: Dialogos Förlag
Open this publication in new window or tab >>Utrikeshandel, löner och rörlighet
2019 (Swedish)In: En dynamisk arbetsmarknad / [ed] Lotta Stern, Stockholm: Dialogos Förlag, 2019, p. -55Chapter in book (Other academic)
Place, publisher, year, edition, pages
Stockholm: Dialogos Förlag, 2019
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:oru:diva-78903 (URN)978-91-7504-360-9 (ISBN)
Projects
Tjänstefiering och internationalisering av tillverkningsindustrin
Available from: 2020-01-07 Created: 2020-01-07 Last updated: 2020-01-09Bibliographically 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: 2020-03-03Bibliographically approved
Agarwal, N., Lodefalk, M., Tang, A., Tano, S. & Wang, Z. (2018). Institutions for Non-Simultaneous Exchange: Microeconomic Evidence from Export Insurance. Örebro: Örebro University
Open this publication in new window or tab >>Institutions for Non-Simultaneous Exchange: Microeconomic Evidence from Export Insurance
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2018 (English)Report (Other academic)
Abstract [en]

Information frictions make non-simultaneous exchange risky, particularly across borders. Therefore, many countries insure cross-border exchange. We investigate the effects on firm trade, jobs, value added and productivity, using uniquely detailed, comprehensive and longitudinal transaction-level Swedish data on insurance and granular data on exporters and foreign buyers. For identification, we employ matching and differencein-difference and fuzzy regression discontinuity estimators and exploit a quasi-natural experiment. We find strikingly heterogeneous effects across firm size and response variables. The strongest positive effects are for small traders and new users. Overall, the evidence suggests a causal link from export insurance to firm performance.

Place, publisher, year, edition, pages
Örebro: Örebro University, 2018. p. 64
Series
Working Papers, School of Business, ISSN 1403-0586 ; 12
Keywords
Information friction, Institutions, Export insurance, Credit constraints, Trade, Firm performance
National Category
Economics
Identifiers
urn:nbn:se:oru:diva-80010 (URN)
Note

JEL Codes: D22, F14, F36, G28, G32, H81, L25.

Available from: 2020-02-17 Created: 2020-02-17 Last updated: 2020-02-25Bibliographically 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
Organisations
Identifiers
ORCID iD: ORCID iD iconorcid.org/0000-0003-0149-9598

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