We study 52 million trade credit contracts, issued by 51 suppliers over 9 years to about 199,000 unique customers. The … analysis contradicts the conventional view that trade credit is an inferior source of funding. Specifically, while we replicate … rather than smaller trade credit usage. In fact, customers' financial conditions are unrelated to agreed contract duration …

-2009, we show that firms use the trade credit channel to manage growth. In countries where the trade credit channel is more … financial market imperfections, and therefore more likely to be financially constrained, rely more on the trade credit channel … the trade credit channel for growth …

–2009, we show that firms use the trade credit channel to manage growth. In countries where the trade credit channel is more … financial market imperfections, rely more on the trade credit channel to manage growth. Finally, we show that also the overall … conditions of the financial market matter for the importance of the trade credit channel for growth …

Trade credit insurance (TCI) is a risk management tool commonly used by suppliers to guarantee against payment default … by credit buyers. TCI contracts can be either cancelable (the insurer has the discretion to cancel this guarantee during … decisions regarding whether to ship goods to the credit buyer). We further explore which contracts better facilitate these two …

specific credit supply shocks following Amiti and Weinstein (2018) and estimate their impact on firms' exports at the product …-destination level. According to our estimates, credit supply shocks have sizable effects on both the intensive margin (amount exported …

Trade credit plays a very important role in inter-firm transactions. Because formal contracts are often unavailable, it …

network model of the economy in which trade in intermediate goods is financed by supplier credit. In the model, a financial … shock to one firm affects its ability to make payments to its suppliers. The credit linkages between firms propagate …-industry credit flows from firm- and industry-level data. I then estimate aggregate and idiosyncratic shocks to industries in the US …