Trade credit and bank credit: evidence from recent financial crises
"The authors study the effect of financial crises on trade credit in a sample of 890 firms in six emerging economies. They find that although provision of trade credit increases right after the crisis, it consequently collapses in the following months and years. The authors observe that firms w...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C]
World Bank
[2005]
|
| Schriftenreihe: | Policy research working paper
3716 |
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | "The authors study the effect of financial crises on trade credit in a sample of 890 firms in six emerging economies. They find that although provision of trade credit increases right after the crisis, it consequently collapses in the following months and years. The authors observe that firms with weaker financial position (for example, high pre-crisis level of short-term debt and low cash stocks and cash flows) are more likely to reduce trade credit provided to their customers. This suggests that the decline in aggregate credit provision is driven by the reduction in the supply of trade credit, which follows the bank credit crunch. The results are consistent with the "redistribution view" of trade credit provision, in which bank credit is redistributed by way of trade credit by the firms with stronger financial position to the firms with weaker financial stand "--World Bank web site |
| Beschreibung: | Includes bibliographical references Title from PDF file as viewed on 9/14/2005 |
| Beschreibung: | 1 Online-Ressource |
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| 520 | 3 | |a "The authors study the effect of financial crises on trade credit in a sample of 890 firms in six emerging economies. They find that although provision of trade credit increases right after the crisis, it consequently collapses in the following months and years. The authors observe that firms with weaker financial position (for example, high pre-crisis level of short-term debt and low cash stocks and cash flows) are more likely to reduce trade credit provided to their customers. This suggests that the decline in aggregate credit provision is driven by the reduction in the supply of trade credit, which follows the bank credit crunch. The results are consistent with the "redistribution view" of trade credit provision, in which bank credit is redistributed by way of trade credit by the firms with stronger financial position to the firms with weaker financial stand "--World Bank web site | |
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Datensatz im Suchindex
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| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV049074908 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T22:27:47Z |
| indexdate | 2024-07-10T09:54:31Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-034336799 |
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| physical | 1 Online-Ressource |
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| publishDate | 2005 |
| publishDateSearch | 2005 |
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| publisher | World Bank |
| record_format | marc |
| series2 | Policy research working paper |
| spelling | Love, Inessa Verfasser aut Trade credit and bank credit evidence from recent financial crises Inessa Love, Lorenzo A. Preve, Virginia Sarria-Allende [Washington, D.C] World Bank [2005] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 3716 Includes bibliographical references Title from PDF file as viewed on 9/14/2005 "The authors study the effect of financial crises on trade credit in a sample of 890 firms in six emerging economies. They find that although provision of trade credit increases right after the crisis, it consequently collapses in the following months and years. The authors observe that firms with weaker financial position (for example, high pre-crisis level of short-term debt and low cash stocks and cash flows) are more likely to reduce trade credit provided to their customers. This suggests that the decline in aggregate credit provision is driven by the reduction in the supply of trade credit, which follows the bank credit crunch. The results are consistent with the "redistribution view" of trade credit provision, in which bank credit is redistributed by way of trade credit by the firms with stronger financial position to the firms with weaker financial stand "--World Bank web site Online-Ausg Also available in print Bank loans Credit Financial crises Preve, Lorenzo A. Sonstige oth World Bank Sonstige oth Love, Inessa Trade credit and bank credit http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3716 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Love, Inessa Trade credit and bank credit evidence from recent financial crises Bank loans Credit Financial crises |
| title | Trade credit and bank credit evidence from recent financial crises |
| title_auth | Trade credit and bank credit evidence from recent financial crises |
| title_exact_search | Trade credit and bank credit evidence from recent financial crises |
| title_exact_search_txtP | Trade credit and bank credit evidence from recent financial crises |
| title_full | Trade credit and bank credit evidence from recent financial crises Inessa Love, Lorenzo A. Preve, Virginia Sarria-Allende |
| title_fullStr | Trade credit and bank credit evidence from recent financial crises Inessa Love, Lorenzo A. Preve, Virginia Sarria-Allende |
| title_full_unstemmed | Trade credit and bank credit evidence from recent financial crises Inessa Love, Lorenzo A. Preve, Virginia Sarria-Allende |
| title_short | Trade credit and bank credit |
| title_sort | trade credit and bank credit evidence from recent financial crises |
| title_sub | evidence from recent financial crises |
| topic | Bank loans Credit Financial crises |
| topic_facet | Bank loans Credit Financial crises |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3716 |
| work_keys_str_mv | AT loveinessa tradecreditandbankcreditevidencefromrecentfinancialcrises AT prevelorenzoa tradecreditandbankcreditevidencefromrecentfinancialcrises AT worldbank tradecreditandbankcreditevidencefromrecentfinancialcrises |