Browsing by Subject "Banking crises"

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    Trade credit, creditor protection and banking crisis
    (Elsevier, 2023-08) Baños Caballero, Sonia; García-Teruel, Pedro J; Martínez-Solano, Pedro; Organización de Empresas y Finanzas; Facultades, Departamentos, Servicios y Escuelas::Departamentos de la UMU::Organización de Empresas y Finanzas
    This paper analyzes the effect of banking crises on the trade credit provided to customers and whether this effect depends on the strength of a country's legal protection of creditors. The results indicate that trade credit extensions increase in times of crisis, although this increase is smaller in countries where creditors are well protected; however, no differences are observed in trade credit extensions between countries with weak and strong creditor protection in non-crisis periods.