Research on the Peer Effect of Firms’ Export Behavior
Helian Xu 1
Guoqin Pan 1
Ping Guo 1  
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College of Economics and Trade, Hunan University, Changsha 410006, CHINA
Online publish date: 2017-11-15
Publish date: 2017-11-15
EURASIA J. Math., Sci Tech. Ed 2018;14(1):485–504
This article belongs to the special issue "Problems of Application Analysis in Knowledge Management and Science-Mathematics-Education".
Because of the information asymmetry and risk uncertainty, export firms will learn to adjust export decisions from their peers. Based on the micro-matching data of China’s customs export products and listed firms, this paper examines the peer effect of firms export activities by introducing equity shock as an exogenous variable. It is found that first, the values, scopes and number of destinations of exporters’ products are positively influenced by their peer firms; second, exporters with lower product quality, growth capability and export intensity will follow those exporters with better export performances to change their behaviors. These asymmetric results prove that peer effect of firms’ export behavior is in accordance with the law of logical imitation; third, CEOs with different demographic characteristics have great impact on the magnitude of export peer effect, showing that risk preferences and cognitive patterns of CEOs are significant for firms’ export behavior.
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