We present evidence that restrictions to the set of feasible financial contracts affect buyer - supplier relationships and the organizational form of the firm. We exploit a regulation that restricted the maturity of the trade credit contracts that a large retailer could sign with some of its...

Founding story -- Life after George Dayton -- The third generation -- Discount retail -- Target comes to life -- The competition -- Struggles and solutions -- Changing the guard -- Bob UIrich, an exceptional leader -- Michael Graves and beyond -- Oh, Canada, and getting hacked -- New leadership...