Investigation of Trade Credit Patterns in Effect with Bank Loan Availability

Investigation of Trade Credit Demand Patterns in Effect with Firm-bank Relationship: a Panel Data Approach

Investigation of Causal Relationship between Trade Credit and Bank Loan during 2008 Financial Crisis

Counter-cyclical substitution between trade credit and bank credit

This paper explores the substitution relationship between trade credit and bank credit, and its countercyclic dynamic pattern through economic cycles. We propose a new theoretical model, using a mechanism design method, which predicts the substitution between the two credits and its counter-cyclic behavior, subject to the condition of technological efficiency not less than one. This model also ...

Trade Credit versus Bank Credit during Financial Crises

An Empirical Investigation of Trade Credit Use

This paper investigates empirically the theoretical motivations for the use of trade credit by firms for purchases. The extent to which trade credit is used for purchases and the accounts payable to total assets ratio, i.e. the demand for trade credit, are modelled here as a function of transaction costs motivations, financing motivations, operational considerations, seller compliance issues, s...