Payment Defaults and Interfirm Liquidity Provision

By F. Boissay, Reint Gropp. 2007

310 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/46ea7f8b2491b6bd52a217d90e6cc853aa309551

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Citations in the corpus

Stock Market Listing and the Use of Trade Credit: Evidence from Public and Private Firms (2017, unknown): “While firms with a high distress risk may find it difficult and costly to borrow from banks, they may still be able to obtain trade credit from suppliers (Cuñat, 2007; Molina and Preve, 2012; Boissay and Gropp, 2013).”
Credit Chains and Sectoral Comovement: Does the Use of Trade Credit Amplify Sectoral Shocks? (2010, background): “Non-payment by customers is listed as a major cause of distress in several studies on the causes of bankruptcy among US firms (Bradley and Rubach (2002), Bradley and Cowdery (2004)), and there is also widespread evidence that firms typically respond to late payment by customers by delaying payments ”
Trade Credit, Relationship-specific Investment, and Product Market Power (2015, background): “We assume that there is some small cost associated with A providing TC, which ensures that TC is employed only when it has positive benefits.”
Modeling frailty-correlated defaults using many macroeconomic covariates (2011, background): “Default contagion is a possible alternative source of default clustering in observed data, see Jorion and Zhang (2007), Lando and Nielsen (2008), and Boissay and Gropp (2010).”
Firms as liquidity providers: Evidence from the 2007–2008 financial crisis (2013, background): “Empirically, Petersen and Rajan (1997), Boissay and Gropp (2007), and Burkart, Ellingsen and”
Trade credit and SME profitability (2014, methodology): “The key independent variable is the investment in accounts receivable (REC) calculated as the ratio of accounts receivable to total assets (Boissay and Gropp 2007; Cuñat 2007; Deloof and Jegers 1999).”
Supply chain finance, financial constraints and corporate performance: An explorative network analysis and future research agenda (2019, background): “The SCF-oriented school of thought maintains that systematic payment term extensions against suppliers lead to upstream supply chain disruptions or cause negative distortions (Boissay and Gropp, 2007).”
Trade Credit, the Financial Crisis, and SME Access to Finance (2013, unknown): “Moreover, evidence suggests that trade credit provides a safety valve for firms facing idiosyncratic liquidity shocks (e.g., Wilner 2000, Boissay and Gropp 2007, Cuñat 2007).”