... of relatively high-digitalized firms as opposed to low-digitalized firms based on the system GMM. The second stage test of the probabilistic (logit) model infers that the probability of being HDFs explores because of better performance. Then, the authors execute robust checks based on the different quantile...

... Emerald Publishing Limited 2021 Emerald Publishing Limited Licensed re-use rights only Inward FDI Financial crisis System GMM Developing countries Developed countries Financial markets Investment decisions The United Nations Conference on Trade and Development (UNCTAD) recently...

... as a proxy for wealth. We expect a positive association between wealth and export diversification because wealth induces producers to diversify their exports (Acemoglu and Zilbotti, 1997; Reinert, 2007 ; Cadot et al., 2011). Financial integration Export diversification System GMM Cross...