The impact of international diversification on credit scores: Evidence from the UK

Journal article

Halabi, H., Alshehabi, A., Wood, G., Khan, Z. and Afrifa, G. 2021. The impact of international diversification on credit scores: Evidence from the UK. International Business Review. 30 (6), p. 101856. https://doi.org/10.1016/j.ibusrev.2021.101856
AuthorsHalabi, H., Alshehabi, A., Wood, G., Khan, Z. and Afrifa, G.
Abstract

This study investigates the impact of international diversification on credit scores using a large sample of 6,557 UK firms. Our findings suggest that international diversification has an inverted U-shaped relationship with credit scores, and R&D intensity positively moderates this relationship. The results also show the international diversification-credit score relationship is only significant for firms operating in competitive industries. Further, we find the impact of international diversification on a firm’s credit score is not only dependent on innovation and competition, but also on its age of maturity, size, the industry to which it belongs, and its geographical location.

KeywordsInternational diversification; Credit scores; Innovation ; Competition; Exporting firms; SMEs
Year2021
JournalInternational Business Review
Journal citation30 (6), p. 101856
PublisherElsevier
ISSN0969-5931
Digital Object Identifier (DOI)https://doi.org/10.1016/j.ibusrev.2021.101856
Official URLhttps://www.sciencedirect.com/science/article/pii/S0969593121000639
Publication dates
Online30 Apr 2021
Publication process dates
Accepted18 Apr 2021
Deposited31 Mar 2023
Accepted author manuscript
License
Output statusPublished
ContributorsHalabi, H., Alshehabi, A., Wood, G., Khan, Z., Khan, Z. and Afrifa, G.
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License: CC BY-NC-ND 4.0

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