Firms as liquidity providers: Evidence from the 2007–2008 financial crisis

By Emilia Garcia-Appendini, Judit Montoriol-Garriga. 2013

503 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/e3de38bad6187b57b85d4ca99ba6777b431f3288

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. A. Presbitero
2. A. Zazzaro
3. Gregory F. Udell
4. C. O’Toole
5. E. Casey
6. Federico Caniato
7. Yomna Abdulla
8. Stefano Ronchi

In Finance

1. A. Presbitero
2. A. Zazzaro
3. Gregory F. Udell
4. C. O’Toole
5. E. Casey
6. Yomna Abdulla
7. V. Dang
8. Arif Khurshed

Citations in the corpus

• Does finance solve the supply chain financing problem (2016, background): “…times, firms (especially the ones with stronger bargaining power) were extended trade credit from suppliers in order to supplement other forms of financing, thus creating even worse problems in the upstream supply chain (Coulibaly et al., 2013; Garcia-Appendini and Montoriol-Garriga, 2013).”
• Board Expertise: Do Directors from Related Industries Help Bridge the Information Gap? (2014, unknown): “The control variables are in line with the relevant literature (e.g., Dass, Kale, and Nanda 2013; Garcia-Appendini and Montoriol-Garriga 2013; Shenoy and Williams 2013); these are measured in year t .”
• Stock Market Listing and the Use of Trade Credit: Evidence from Public and Private Firms (2017, background): “While recent research has acknowledged the importance of trade credit during crisis periods, it has primarily focused on public companies (e.g., Love et al., 2007; Garcia-Appendini and Montoriol-Garriga, 2013), which tend to be less vulnerable to adverse macroeconomic conditions than their private c”
• Corporate Resilience to Banking Crises: The Roles of Trust and Trade Credit (2016, unknown): “Indeed, Garcia-Appendini and Montoriol-Garriga (2013) show that the 2007–2008 banking crisis triggered a surge in between-firm liquidity provision.”
• The Home Bias and the Credit Crunch: A Regional Perspective (2014, background): “Examples of indirect evidence include a study of how large firms supplied trade credit during the crisis, some of which likely went to small firms (Garcia-Appendini and Montoriol-Garriga; 2011), and a study by Gozzi and Goetz (2010) who show that metropolitan areas where banks relied less on retail ”
• Trade Credit, the Financial Crisis, and SME Access to Finance (2013, unknown): “…of trade credit during the current financial crisis of which we are aware, the evidence suggests that in the U.S. stronger larger firms extended more trade credit and weaker larger firms received more trade credit -- Garcia-Appendini and Montoriol-Garriga (2013) hereafter referred to as G-M.”