Buyers and suppliers have diverging interests about trade-credit maturities: buyers desire long payment periods as a source of cheap funding, while suppliers prefer swift payments to avoid locking up scarce liquidity in idle assets. A fast-growing financial product innovation - supply-chain...

This study investigates the role of fnancial literacy (FL), perceived access to fnance (PAF), information communication technology (ICT) usage, and digitization in alleviat‑ ing the level of credit constraint that micro, small, and medium enterprises (MSMEs) face in an emerging market. We draw...

Does corporate finance literature accurately identify firms facing homogeneous financing constraints when studying the impact of financing constraints on corporate investment? The short answer is no. The common practice of using pre-determined percentiles of a financing constraint metric...