Credit channel, trade credit channel, and inventory investment: Evidence from a panel of UK firms

By A. Guariglia, Simona Mateut. 2006

192 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/fe255b6afcb15f5fddfe8db26f8dc9a5126d1bde

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Citations in the corpus

The Roles of Bank and Trade Credits: Theoretical Analysis and Empirical Evidence (2014, background): “The main reason is that the supplier has incentives to charge a higher interest rate, which is supported by empirical data (see Burkart and Ellingsen, 2004; Guariglia and Mateut, 2006; Petersen and Rajan, 1997).”
Bank credit and trade credit: Evidence from SMEs over the financial crisis (2016, unknown): “…paper to fund trade credit during periods of monetary tightening and can provide a cushion during a credit crunch for less financially liquid firms (Berger and Udell, 1998; Guariglia and Mateut, 2006; Nilsen, 2002; among others), while also reinforcing supplier–customer relations (Cunat, 2007).”
Do Firms Use the Trade Credit Channel to Manage Growth? (2013, unknown): “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”
European trade credit use and SME survival (2018, background): “Calomiris et al. (1995) reports that liquid firms often provide a cushion of support to financially constrained firms during periods of credit tightening (e.g., Guariglia and Mateut, 2006; Berger and Udell, 1998; Biais and Gollier, 1997).”
Equilibrium Financing in a Distribution Channel with Capital Constraint (2012, unknown): “In other words, our optimal interest rate for trade credit can be greater than the risk free rate, which is supported by empirical data (see Burkart and Ellingsen 2004, Guariglia and Mateut 2006, Petersen and Rajan 1997).”
Supply chain coordination with trade credit and quantity discount incorporating default risk (2014, unknown): “In Germany, France and Italy, trade credit represents more than a quarter of total corporate assets, while in the United Kingdom 70% of total shortterm debt (credit extended) and 55% of total credit received by firms is made up of trade credit (Guariglia and Mateut, 2006).”
Counter-cyclical substitution between trade credit and bank credit (2011, methodology): “Following the previous empirical literature (e.g., Nilsen, 2002; Danielson and Scott, 2004; Guariglia and Mateut, 2006; Cull, Xu and Zhu, 2009; and Ge and Qiu, 2007), we use trade credit as the dependent variable, although trade credit and bank loans may be determined simultaneously and there is an ”