Trade Credit and Bank Credit is popular PDF and ePub book, written by Inessa Love in 2005, it is a fantastic choice for those who relish reading online the Bank loans genre. Let's immerse ourselves in this engaging Bank loans book by exploring the summary and details provided below. Remember, Trade Credit and Bank Credit can be Read Online from any device for your convenience.
Trade Credit and Bank Credit Book PDF Summary
"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.
Detail Book of Trade Credit and Bank Credit PDF
- Author : Inessa Love
- Release : 21 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : Bank loans
- Total Page : 34 pages
- Language : English
- PDF File Size : 16,9 Mb
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