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Annual Conference

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Corporate Finance

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May 2024

EXIM Exit The Real Effects of Trade Financing by Export Credit Agencies

Poorya KABIR, Adrien MATRAY, Karsten MULLER, Chenzi XU
We study the role of export credit agencies—the predominant tool of industrial policy— on firm behavior by using the effective shutdown of the Export–Import Bank of the United States (EXIM) from 2015–2019 as a natural experiment. We show that firms that previously relied on EXIM support saw ...
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Webinar Series

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Capital Market Development: China and Asia

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Mar 2024

EXIM’s Exit: The Real Effects of Trade Financing by Export Credit Agencies

Poorya KABIR, Adrien MATRAY, Karsten MULLER, Chenzi XU
We study the role of export credit agencies—the predominant tool of industrial policy—on firm behavior by using the effective shutdown of the Export-Import Bank of the United States (EXIM) from 2015-2019 as a natural experiment. We show that firms that previously relied on EXIM support saw a 18%...
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Webinar Series

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Innovation, Productivity and Challenges in the Digital Era: Asia and Beyond

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Apr 2023

Reducing Racial Disparities in Consumer Credit: Evidence from Anonymous Loan Applications

Tianyue RUAN, Poorya KABIR
Using a unique experiment of anonymizing online loan applications, we find that anonymous loan applications reduce racial disparities in access to credit. With names on applications, ethnic minority applicants are 10.6% less likely to receive online loan offers than otherwise identical ethnic majori...
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Annual Conference

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Trade, Growth and Development

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May 2022

Capital Quality, Productivity, and Financial Constraints: Evidence from India

Poorya KABIR, Seyed MANSOURI
This paper provides novel evidence that reduced financial constraints increase physical capital quality and, consequently, productivity. We use a project-level investment dataset from India, CapEx, with data on project cost, capacity added to the firm, and investment’s product category. We measure...
Keywords: capital quality, financial constraints, productivity, financial development
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