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dc.contributor.authorShenoy, Jaideep
dc.contributor.authorWilliams, Ryan
dc.date.accessioned2017-04-21T00:44:43Z
dc.date.available2017-04-21T00:44:43Z
dc.date.issued2017-01
dc.identifier.citationTrade credit and the joint effects of supplier and customer financial characteristics 2017, 29:68 Journal of Financial Intermediationen
dc.identifier.issn10429573
dc.identifier.doi10.1016/j.jfi.2015.09.001
dc.identifier.urihttp://hdl.handle.net/10150/623187
dc.description.abstractWe examine how access to bank credit affects trade credit in the supplier-customer relationships of U.S. public firms. For identification, we use exogenous liquidity shocks to supplier firms in the form of staggered changes to interstate bank branching laws. Using a variety of tests, we show that supplier firms with greater access to banking liquidity offer more trade credit to their customers. We also show that when bank branching restrictions are relaxed in the supplier's state, the supplier-customer relationship is more likely to survive. (C) 2015 Elsevier Inc. All rights reserved.
dc.description.sponsorshipCenter for the Economic Analysis of Risk (CEAR); Max Burns Fellowshipen
dc.language.isoenen
dc.publisherACADEMIC PRESS INC ELSEVIER SCIENCEen
dc.relation.urlhttp://linkinghub.elsevier.com/retrieve/pii/S104295731500039Xen
dc.rights© 2015 Elsevier Inc. All rights reserved.en
dc.subjectTrade crediten
dc.subjectSupplier-customer relationshipsen
dc.subjectBank lines of crediten
dc.subjectBanking deregulationen
dc.subjectContagionen
dc.subjectFinancial distressen
dc.titleTrade credit and the joint effects of supplier and customer financial characteristicsen
dc.typeArticleen
dc.contributor.departmentUniv Arizona, Eller Coll Managementen
dc.identifier.journalJournal of Financial Intermediationen
dc.description.note36 month embargo; Available online 7 September 2015en
dc.description.collectioninformationThis item from the UA Faculty Publications collection is made available by the University of Arizona with support from the University of Arizona Libraries. If you have questions, please contact us at repository@u.library.arizona.edu.en
dc.eprint.versionFinal accepted manuscripten
html.description.abstractWe examine how access to bank credit affects trade credit in the supplier-customer relationships of U.S. public firms. For identification, we use exogenous liquidity shocks to supplier firms in the form of staggered changes to interstate bank branching laws. Using a variety of tests, we show that supplier firms with greater access to banking liquidity offer more trade credit to their customers. We also show that when bank branching restrictions are relaxed in the supplier's state, the supplier-customer relationship is more likely to survive. (C) 2015 Elsevier Inc. All rights reserved.


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