期刊名称：Eurasia Journal of Mathematics, Science & Technology Education
印刷版ISSN：1305-8223
电子版ISSN：1305-8223
出版年度：2018
卷号：14
期号：1
页码：485-504
DOI：10.12973/ejmste/77908
出版社：Pamukkale Univ Dept Sci Education
摘要：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.
