Curbing Shocks to Corporate Liquidity: The Role of Trade Credit
Using data on liquidity shortfalls generated by the fraud and failure of a cash-in-transit firm, we demonstrate effects on firms’ trade credit usage. We find that firms manage liquidity shortages by increasing the amount of credit drawn from suppliers and decreasing the amount issued to customers. T...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
University of Chicago Press
2021
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| Online Access: | https://hdl.handle.net/1721.1/130501 |