The Value of Managers’ Export Experience: Lessons from the Angolan Civil War
研究了管理者出口经验如何帮助企业在外部冲击后成功进入新市场，以安哥拉内战结束为例，发现管理者使企业进入市场的概率翻倍。
Abstract We investigate how managers help firms grow by entering a new export market. We conduct an event study on the decision to export to Angola using data on Portuguese firms and workers. We evaluate the impact of the presence of managers with experience in exporting to the Angolan market on a firm’s entry success in the aftermath of an exogenous shock: the sudden end of the Angolan civil war. We show that the presence of managers doubles the probability of a firm entering the market. We do not find any significant impact on the intensive margin of exports.