Trade Credit and the Bank Lending Channel

By J. Nilsen. 2002

705 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/3807257e8ed799d2a26b3be91a8b3c1d160f19b0

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Citations in the corpus

Trade Credit and the Effect of Macro-Financial Shocks: Evidence from U.S. Panel Data (2005, methodology): “897 and Nilsen (2002)).”
Bank credit and trade credit: Evidence from SMEs over the financial crisis (2016, neutral): “Empirical evidence of this theory has been shown in periods of ‘tight’ money (Calomiris et al., 1995; Nilsen, 2002).”
Business fluctuations and bankruptcy avalanches in an evolving network economy (2009, background): “In our framework, the existence of trade credit is basically due to a transaction motive (Nilsen 2002).”
How Inventory Is (Should Be) Financed: Trade Credit in Supply Chains with Demand Uncertainty and Costs of Financial Distress (2013, background): “Finally, Meltzer (1960) and Nilsen (2002) document the fact that trade credit is less cyclical than bank debt.”
Do Firms Use the Trade Credit Channel to Manage Growth? (2013, neutral): “Several empirical studies have shown that firms substitute bank loans for trade credit in an effort to limit the impact of the traditional bank lending channel (Nilsen, 2002; De Blasio, 2005; Choi and Kim, 2005; Guariglia and Mateut, 2006) or, as shown in Figure 2, to limit the impact”
Credit Chains and Sectoral Comovement: Does the Use of Trade Credit Amplify Sectoral Shocks? (2010, background): “Finally, work by Nilsen (2002) suggests that trade credit can substitute for bank credit during periods of tight money and attenuate monetary policy shocks.”
Trade Credit, the Financial Crisis, and SME Access to Finance (2013, neutral): “A shock to interest rates may affect both bank lending and trade credit (Nielsen, 2002; Fukuda et al., 2006).”
Stock Market Listing and the Use of Trade Credit: Evidence from Public and Private Firms (2017, background): “This prediction is based on the redistribution view of trade credit provision, which argues that bank credit can be redistributed from large, liquid firms to financially less secure firms via trade credit (Meltzer, 1960; Biais and Gollier, 1997; Nilsen, 2002).”