2017年12月9日
Financial crises, bank lending, and trade credit: evidence from Chinese enterprises
The 13th International Conference on Asian Financial Markets and Economic Development Notification
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- 記述言語
- 英語
- 会議種別
- 口頭発表(一般)
- 主催者
- Nagasaki University
Using Chinese firm-level data from 2006~2014―which includes the period of the recent financial crisis―we test whether firms, particularly small and medium enterprises (SMEs) that are financially constrained, are more likely to use or depend on trade credit. We also compare enterprises by ownership structure to determine which type of enterprises use trade credit more than bank loans. We then study the effect of the financial crisis of 2008 to observe whether firms increased their use of trade credit right after the crisis.