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Impact of Trade Credit on Firm Inventory Investment During Financial Crises: Evidence from Latin America

Sheng, Hsia Hua; Bortoluzzo, Adriana Bruscato; Santos, … - In: Emerging Markets Finance and Trade 49 (2013) S4, pp. 32-52

This paper studies whether trade credit is used as a substitute for bank credit in crisis periods in Latin America. The sample is composed of firms listed on the Argentine, Brazilian, and Mexican stock exchanges from 1994 to 2009. For the small firms, the substitution hypothesis was not...

Persistent link: https://www.econbiz.de/10010733682