Browsing by Subject "Trade credit"

Now showing 1 - 2 of 2
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    Investment in trade credit in small business start-ups: Evidence from Spain during a financial crisis
    (Taylor and Francis Group, 2022-06-28) Baños Caballero, Sonia; García Teruel, Pedro Juan; Organización de Empresas y Finanzas; Facultades, Departamentos, Servicios y Escuelas::Departamentos de la UMU::Economía Financiera y Contabilidad
    This study analyses start-up firms’ investment in trade credit during the period 2011-2014. We find that new or recently created firms had greater investments in trade credit than established firms. Moreover, the results indicate that start-up firms’ investment in trade credit did not depend on their bargaining power or access to external finance. These findings suggest that the reason start-ups invested more in accounts receivable than established firms could be due to late payments or their granting credit to low-quality customers who cannot obtain credit from established firms.
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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.