Trade Credit During Financial Crisis: Do Market Power and Financial Constraints Matter?

2016 ◽  
Author(s):  
Adalto Barbaceia Goncalves ◽  
Rafael F. Schiozer ◽  
Hsia Hua Sheng
Keyword(s):  
Financial Crisis ◽  
Market Power ◽  
Financial Constraints ◽  
Trade Credit

Trade credit and product market power during a financial crisis

2018 ◽  
Vol 49 ◽  
pp. 308-323 ◽  
Author(s):  
Adalto Barbaceia Gonçalves ◽  
Rafael F. Schiozer ◽  
Hsia Hua Sheng
Keyword(s):  
Financial Crisis ◽  
Market Power ◽  
Trade Credit ◽  
Product Market

Does trade credit really help relieving financial constraints?

2019 ◽  
Vol 26 (1) ◽  
pp. 198-215
Author(s):  
Stefania Cosci ◽  
Roberto Guida ◽  
Valentina Meliciani
Keyword(s):  
Financial Constraints ◽  
Trade Credit

Trade Credit, Relationship-specific Investment, and Product Market Power*

2014 ◽  
Vol 19 (5) ◽  
pp. 1867-1923 ◽  
Author(s):  
Nishant Dass ◽  
Jayant R. Kale ◽  
Vikram Nanda
Keyword(s):  
Market Power ◽  
Trade Credit ◽  
Product Market ◽  
Specific Investment

scholarly journals Can Trade Credit Maintain Sustainable R&D Investment of SMEs? — Evidence from China

2019 ◽  
Vol 11 (3) ◽  
pp. 843 ◽  
Author(s):  
Langzi Chen ◽  
Zhihong Chen ◽  
Jian Li
Keyword(s):  
Developing Countries ◽  
Panel Data ◽  
Propensity Score ◽  
Information Asymmetry ◽  
Financial Constraints ◽  
Trade Credit ◽  
Small And Medium Enterprises ◽  
Medium Enterprises ◽  
D Investment

Due to the long-term nature and information asymmetry, SMEs (Small and Medium Enterprises) experience serious financial constraints that affect their R&D investments. This article examines the effect of trade credit maintaining sustainable R&D investment of SMEs under financial constraints. Using the panel data of Chinese SMEs from 2002–2014, it was found that although the R&D investments of SMEs are restricted by financial constraints, trade credit can maintain the sustainability of enterprises’ R&D investment. Private enterprises are more reliant on trade credit, which can be intensified during periods of monetary tightening. Considering the counterfactual framework and the endogenous problems, the empirical results were also robust when using propensity score matching. To summarize, this article develops a new explanation for maintaining sustainable R&D investment of SMEs under financial constraints in developing countries.

scholarly journals The real effects of financial constraints: Evidence from a financial crisis

2010 ◽  
Vol 97 (3) ◽  
pp. 470-487 ◽  
Author(s):  
Murillo Campello ◽  
John R. Graham ◽  
Campbell R. Harvey
Keyword(s):  
Financial Crisis ◽  
Financial Constraints ◽  
The Real ◽  
Real Effects
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