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Does Trade Credit Substitute Bank Credit? Evidence From Firm-Level Data
16 references·16 citing·44 second hopsampled
Does Trade Credit Substitute Bank Credit? Evidence From Firm-Level Data (2003)Does Trade Credit Substitute Bank Credit?…Trade Credit, Financial Intermediary Development, and Industry Growth (2003)Trade Credit, Financial Inter…Trade Credit and the Bank Lending Channel (2002)Trade Credit and the Bank Len…The Exploitation of Relationships in Financial Distress: The Case of Trade Credit (2000)The Exploitation of Relations…Evidence on the Determinants of Credit Terms Used in Interfirm Trade (1999)Evidence on the Determinants …Monetary Policy Shocks: What Have We Learned and to What End? (1998)Monetary Policy Shocks: What …Measuring Monetary Policy (1998)Measuring Monetary PolicyTrade Credit: Theories and Evidence (1997)Trade Credit: Theories and Ev…Cash Flow and Investment: Evidence from Internal Capital Markets (1997)Cash Flow and Investment: Evi…Capital-Market Imperfections and Investment (1997)Capital-Market Imperfections …What Do We Know about Capital Structure? Some Evidence from International Data (1995)What Do We Know about Capital…Credit Conditions and the Cyclical Behavior of Inventories (1994)Credit Conditions and the Cyc…The Role of Credit Market Imperfections in the Monetary Transmission Mechanism: Arguments and Evidence (1993)The Role of Credit Market Imp…Taking Stock: A Critical Assessment of Recent Research on Inventories (1991)Taking Stock: A Critical Asse…Trade Credit and Informational Asymmetry (1987)Trade Credit and Informationa…A Transactions Theory of Trade Credit Use (1981)A Transactions Theory of Trad…Specification Tests in Econometrics (1978)Specification Tests in Econom…An Empirical Analysis of the Effect of Financial Distress on Trade Credit (2012)An Empirical Analysis of the …The Producer Service Sector in Italy: Long-term Growth and its Local Determinants (2009)The Producer Service Sector i…Labour Market for Teachers: Demographic Characteristics and Allocative Mechanisms (2008)Labour Market for Teachers: D…Housing Market Spillovers: Evidence from an Estimated DSGE Model (2008)Housing Market Spillovers: Ev…The Reliability of EMU Fiscal Indicators: Risks and Safeguards (2007)The Reliability of EMU Fiscal…New Eurocoin: Tracking Economic Growth in Real Time (2007)New Eurocoin: Tracking Econom…Measurement of Income Distribution in Supranational Entities: The Case of the European Union (2007)Measurement of Income Distrib…Employment, Innovation, and Productivity: Evidence from Italian Microdata (2007)Employment, Innovation, and P…Does the Underground Economy Hold Back Financial Deepening? Evidence from the Italian Credit Market (2007)Does the Underground Economy …Changes in Transport and Non Transport Costs: Local vs. Global Impacts in a Spatial Network (2007)Changes in Transport and Non …Assessing Financial Contagion in the Interbank Market: Maximum Entropy Versus Observed Interbank Lending Patterns (2007)Assessing Financial Contagion…Skill Dispersion and Firm Productivity: An Analysis with Employer-Employee Matched Data (2006)Skill Dispersion and Firm Pro…Imperfect Knowledge, Adaptive Learning and the Bias Against Activist Monetary Policies (2006)Imperfect Knowledge, Adaptive…Evaluating the impact of investment incentives: The case of Italy's Law 488/1992 (2006)Evaluating the impact of inve…Determinants of Long-Run Regional Productivity: The Role of R&D, Human Capital and Public Infrastructure (2006)Determinants of Long-Run Regi…Bank Profitability and the Business Cycle (2006)Bank Profitability and the Bu…INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)Credit Rationing in Markets with Imperfect Information (1981)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)The Effects of Financial Reporting and Disclosure on Corporate Investment: A Review (2019)On the Pooling of Time Series and Cross Section Data (1978)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Econometric Analysis of Cross Section and Panel Data (2001)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)The Nature of the Firm (1937)The Economic Institutions of Capitalism (1987)Financing the Newsvendor: Supplier vs. Bank, and the Structure of Optimal Trade Credit Contracts (2012)A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle (1989)Interpreting the macroeconomic time series facts (1992)Tests for Parameter Instability and Structural Change With Unknown Change Point (1993)An Optimization-Based Econometric Framework for the Evaluation of Monetary Policy (1997)An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output (2002)The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks (2010)The Capital Structure Puzzle (1984)Debt Maturity Structure and Liquidity Risk (1991)Financial Dependence and Growth (1996)Agency Costs and Ownership Structure (2000)Chapter 12 Finance and Growth: Theory and Evidence (2005)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Financing Constraints and Corporate Investment (1988)Agency costs of free cash flow, corporate finance, and takeovers (1996)The consolidation of the financial services industry: Causes, consequences, and implications for the future (1999)The Contributions of the Economics of Information to Twentieth Century Economics (2000)Information and the Change in the Paradigm in Economics (2002)Law, Finance, and Firm Growth (1998)Finance and Growth: Theory and Evidence (2004)A more complete conceptual framework for SME finance (2006)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Cross-Section of Expected Stock Returns (1992)A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)What Do a Million Observations on Banks Say About the Transmission of Monetary Policy? (2000)Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy (2005)Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach (2007)The Cash Flow Sensitivity of Cash (2004)CEO Overconfidence and Corporate Investment (2005)Corporate social responsibility and access to finance (2013)
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References

  • 1978Specification Tests in Econometrics18,788 cited
  • 1995What Do We Know about Capital Structure? Some Evidence from International Data6,527 cited
  • 1997Trade Credit: Theories and Evidence2,600 cited
  • 1997Capital-Market Imperfections and Investment2,600 cited
  • 1998Monetary Policy Shocks: What Have We Learned and to What End?2,186 cited
  • 1998Measuring Monetary Policy1,643 cited
  • 1997Cash Flow and Investment: Evidence from Internal Capital Markets1,143 cited
  • 2003Trade Credit, Financial Intermediary Development, and Industry Growth1,052 cited
  • 1987Trade Credit and Informational Asymmetry881 cited
  • 1999Evidence on the Determinants of Credit Terms Used in Interfirm Trade855 cited
  • 1994Credit Conditions and the Cyclical Behavior of Inventories775 cited
  • 1993The Role of Credit Market Imperfections in the Monetary Transmission Mechanism: Arguments and Evidence736 cited
  • 2000The Exploitation of Relationships in Financial Distress: The Case of Trade Credit723 cited
  • 2002Trade Credit and the Bank Lending Channel628 cited
  • 1981A Transactions Theory of Trade Credit Use603 cited

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1991
Taking Stock: A Critical Assessment of Recent Research on Inventories
556 cited

Cited by

  • 2006Evaluating the impact of investment incentives: The case of Italy's Law 488/1992330 cited
  • 2008Housing Market Spillovers: Evidence from an Estimated DSGE Model254 cited
  • 2009The Producer Service Sector in Italy: Long-term Growth and its Local Determinants227 cited
  • 2007Measurement of Income Distribution in Supranational Entities: The Case of the European Union197 cited
  • 2007Does the Underground Economy Hold Back Financial Deepening? Evidence from the Italian Credit Market193 cited
  • 2012An Empirical Analysis of the Effect of Financial Distress on Trade Credit173 cited
  • 2007Changes in Transport and Non Transport Costs: Local vs. Global Impacts in a Spatial Network152 cited
  • 2007Assessing Financial Contagion in the Interbank Market: Maximum Entropy Versus Observed Interbank Lending Patterns149 cited
  • 2006Imperfect Knowledge, Adaptive Learning and the Bias Against Activist Monetary Policies137 cited
  • 2006Skill Dispersion and Firm Productivity: An Analysis with Employer-Employee Matched Data137 cited
  • 2007New Eurocoin: Tracking Economic Growth in Real Time128 cited
  • 2006Determinants of Long-Run Regional Productivity: The Role of R&D, Human Capital and Public Infrastructure120 cited
  • 2007Employment, Innovation, and Productivity: Evidence from Italian Microdata119 cited
  • 2008Labour Market for Teachers: Demographic Characteristics and Allocative Mechanisms108 cited
  • 2007The Reliability of EMU Fiscal Indicators: Risks and Safeguards106 cited
  • 2006Bank Profitability and the Business Cycle98 cited