FX BORROWING, EMPLOYMENT AND FIRM GROWTH

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Uluslararası Yönetim İktisat ve İşletme Dergisi
Volume:19 Issue:3
FX BORROWING, EMPLOYMENT AND FIRM GROWTH

FX BORROWING, EMPLOYMENT AND FIRM GROWTH

Pages : 516-526

View : 73 | Download : 40

Publication Date : 2023-09-29

Article Type : Research Paper

Abstract :Matching insert ignore into journalissuearticles values(CEM); methodology using a rich firm-level dataset in order to find counterpart firms that are similar in terms of amount of loans, size, profitability and tangible asset but different in currency of the loan used. Then I use panel data fixed effect regressions to measure the impact of FX loan on firm employment and sales growth compared to TL loan. More specifically, analyze whether firms with higher FX denominated credit share have better firm outcome or not. The results point to diminishing impact of the FX loans on firm growth in recent years. While the firms borrowed in FX have higher growth rate compared to TL borrowed firms until 2017, there is no significant difference in firm employment growth or sales growth performance between FX-indebted firms and TL-indebted firms.
Keywords : Firma büyümesi, İstihdam, Yabancı para borç

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