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Uncertainty in banking and trade credit of firms

Huynh, Japan - In: Borsa Istanbul Review 24 (2024) 4, pp. 838-855

with lower bank debt in firms, indicating a substitution effect between bank credit and trade credit when uncertainty rises …

Persistent link: https://www.econbiz.de/10014635484

A remedy framework in the resolution of non-performing loans

Demetriou, Demetra - 2021

Persistent link: https://www.econbiz.de/10013348305

How local finance and enforcement shaped SME credit choices before and during the COVID crisis

Fasano, Francesco; La Rocca, Maurizio; Sánchez-Vidal, … - In: International Journal of Financial Studies : open … 12 (2024) 1, pp. 1-16

of judicial enforcement. Given that trade credit can be a substitute for bank financing, we find that firms make more use …

Persistent link: https://www.econbiz.de/10014502294

Cost of credit and profitability of large industrial firms in Ukraine

Kerimov, Pavlo - In: Economy and forecasting : scientific journal (2022) 2, pp. 47-64

Persistent link: https://www.econbiz.de/10014229543

Bank credit and trade credit after the financial crisis : evidence from rural Galicia

Peón, David; Guntín, Xulia - In: Journal of business economics and management 22 (2021) 3, pp. 616-635

the “weak funding” handicap of rural small firms (SEs): the access to bank financing and the substitutive role of trade … credit for entrepreneurs in rural areas when they faced bank credit constraints. Considering SEs in Galicia (Spain), a … of 2008-2012. There’s evidence of firms in rural areas facing a differential negative flow of bank credit during the …

Persistent link: https://www.econbiz.de/10012506248

Unraveling the loan growth threshold effect on non-performing loans during total dollarization in Zimbabwe

Katuka, Blessing; Mudzingiri, Calvin; Vengesai, Edson - In: Organizations and markets in emerging economies 15 (2024) 1, pp. 146-164

The availability of bank loans is a vital component in determining the investment and spending patterns that influence … monitor liquidity risk exposure. The findings provide insights into reviewing bank credit policies and prudential guidelines. …

Persistent link: https://www.econbiz.de/10014535516

Credit chain and sectoral comovement : a multi-region investigation

Lee, Hsiao-Hui; Yang, S. Alex; Zhang, Yuxuan; Kim, Kijin - 2021

-Output Table developed by the Asian Development Bank, we assemble a dataset consisting of 14 manufacturing industries for 53 …

Persistent link: https://www.econbiz.de/10012664642

Liquidity-saving through obligation-clearing and mutual credit : an effective monetary innovation for SMEs in times of crisis

Fleischman, Tomaž; Dini, Paolo; Littera, Giuseppe - In: Journal of risk and financial management : JRFM 13 (2020) 12/295, pp. 1-30

During financial crises, liquidity tends to become scarce, a problem that disproportionately affects small companies. This paper shows that obligation-clearing is a very effective liquidity-saving method for providing relief in the trade credit market and, therefore, on the supply-side or...

Persistent link: https://www.econbiz.de/10012392199

Supply chain interconnection and SME financing : from the perspective of supply chain finance and trade credit

Guo, Ye; Yao, Ruoqi - In: China economic quarterly international : CEQI 4 (2024) 4, pp. 249-265

By using an enhanced enterprise matching approach, we obtained microdata on the supply chain interconnections between small and medium-sized enterprises (SMEs) and listed companies. Our findings suggest that becoming the main counterparties of listed companies can significantly improve the...

Persistent link: https://www.econbiz.de/10015371025

Local agency costs of political centralization

Myerson, Roger B. - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 425-448

We analyze a model of moral hazard in local public services which could be efficiently managed by officials under local democratic accountability, but not by officials who are appointed by the ruler of a centralized autocracy. The ruler might prefer to retain an official who diverted resources...

Persistent link: https://www.econbiz.de/10012587346