Trade credit and bank credit: Evidence from recent financial crises

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Trade credit and bank credit: Evidence from recent financial crises

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dc.contributor.author Preve, Lorenzo
dc.contributor.author Inessa, Love
dc.contributor.author Sarria-Allende, Virginia
dc.date.accessioned 2017-02-16T13:30:48Z
dc.date.available 2017-02-16T13:30:48Z
dc.date.issued 2003
dc.identifier.citation Love, I., Preve, L. A., & Sarria-Allende, V. (2007). Trade credit and bank credit: Evidence from recent financial crises. Journal of Financial Economics, 83(2), 453-469. en_US
dc.identifier.uri https://riu.austral.edu.ar/handle/123456789/369
dc.description.abstract This paper studies the effect of financial crises on trade credit for a sample of 890 firms in six emerging economies. Although the provision of trade credit increases right after a crisis, it contracts in the following months and years. Firms that are financially more vulnerable to crises extend less trade credit to their customers. We argue that the decline in aggregate trade credit ratios is driven by the reduction in the supply of trade credit that follows a bank credit crunch, consistent with the ‘‘redistribution view’’ of trade credit provision, whereby bank credit is redistributed via trade credit from financially stronger firms to weaker firms. en_US
dc.language.iso en en_US
dc.publisher "Financial Market Development and emerging and transition economies. Hyderabad, India. " en_US
dc.subject emerging markets en_US
dc.subject financial crises en_US
dc.subject trade credit en_US
dc.title Trade credit and bank credit: Evidence from recent financial crises en_US
dc.type Learning Object en_US


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