Trade credit and Family control

Díaz Díaz, Nieves Lidia; García Teurel, Pedro J; Martínez-Solano, Pedro

Publication:
Trade credit and Family control

dc.contributor.author	Díaz Díaz, Nieves Lidia
dc.contributor.author	García Teurel, Pedro J
dc.contributor.author	Martínez-Solano, Pedro
dc.contributor.department	Organización de Empresas y Finanzas
dc.date.accessioned	2024-12-29T12:26:52Z
dc.date.available	2024-12-29T12:26:52Z
dc.date.issued	2024-11-08
dc.description	© 2024 by the Author(s). This manuscript version is made available under the CC-BY 4.0 license http://creativecommons.org/licenses/by/4.0/ This document is the Published Manuscript version of a Published Work that appeared in final form in Review of Managerial Science. To access the final edited and published work see https://doi.org/10.1007/s11846-024-00821-6
dc.description.abstract	This paper analyses whether trade credit strategies depend on the family identity of the controlling shareholder. We use a sample of 4,022 private Spanish firms for the years 2004 and 2013 and examine family firm heterogeneity by analysing different thresholds of control, involvement in management and firm identification with the family name. The results reveal that family firms have more restrictive trade credit strategies than non-family firms. Moreover, among family-controlled firms, those with the strongest identification between the family shareholders and their firms are the most restrictive. However, family-controlled firms reduced trade credit less after the financial crisis of 2008. These firms supported their customers by limiting the impact of liquidity shocks during the crisis.	es
dc.format	application/pdf	es
dc.format.extent	40	es
dc.identifier.citation	Review of Managerial Science, 2024,
dc.identifier.doi	https://doi.org/10.1007/s11846-024-00821-6
dc.identifier.issn	Print: 1863-6683
dc.identifier.issn	Electronic: 1863-6691
dc.identifier.uri	http://hdl.handle.net/10201/147853
dc.language	eng	es
dc.publisher	Springer	es
dc.relation	This research is part of projects Grant PID2020-113741GB-I00 funded by MCIN/ AEI/https://doi.org/10.13039/501100011033, and ECO2016-76481-P (AEI/FEDER, UE) financed by MCIN/AEI/https://doi.org/10.13039/501100011033 and the European Regional Development Fund.	es
dc.relation.publisherversion	https://link.springer.com/article/10.1007/s11846-024-00821-6	es
dc.rights	info:eu-repo/semantics/openAccess	es
dc.rights	Atribución 4.0 Internacional	*
dc.rights.uri	http://creativecommons.org/licenses/by/4.0/	*
dc.subject	Family firms	es
dc.subject	Heterogeneity	es
dc.subject	Customers	es
dc.subject	Trade credit granted	es
dc.subject	Controlling shareholders	es
dc.subject.other	CDU::3 - Ciencias sociales	es
dc.title	Trade credit and Family control	es
dc.type	info:eu-repo/semantics/article	es
dspace.entity.type	Publication	es