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

This paper investigates the roles of bank and trade credits in a supply chain with a capital constrained retailer … facing demand uncertainty. The retailer can borrow credit from a bank (bank credit), and/or from the supplier who allows … the retailer prefers trade credit, if the trade credit market is more competitive than the bank credit market; otherwise …

Ongoing financial innovation and greater information availability increase the tradability of bank assets and reduce … banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue … bank managers and shareholders becomes less severe. Consequently, banks' capital structure needs to be less concerned with …