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Social trust can facilitate access to alternative sources of finance to firms when formal finance is scarce or entails large transaction costs, especially in economies with less developed financial systems. Since exporting firms are relatively more dependent on external finance, we find that...
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We hypothesize that exports of differentiated products, which entail greater upfront costs, increase more as financial reforms take place. We find strong and robust empirical support of this hypothesis with a comprehensive set of measures of reforms encompassing the banking sector, interest...
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Purpose: Information is often available to consumers through their social networks. Focusing on dairy consumers in India, this paper aims to present evidence of peer effects in consumers’ attitudes towards various food safety attributes and food safety practices. Design/methodology/approach:...
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