shorter maturity credit lines than large firms; (ii) have less active maturity management and therefore frequently have … expiring credit; (iii) post more collateral on both credit lines and term loans; (iv) have higher utilization rates in normal … recession. Consistent with the theory, the increase in bank credit in 2020:Q1 and 2020:Q2 came almost entirely from drawdowns by …

We study the role of trade credit in enhancing the resilience of financially constrained firms from 2010 to 2017 … by trade credit is quite robust to controlling for relevant factors and employing various estimation techniques. While … environment that promotes trade credit flows among firms as a second-best alternative to bank financing. …

credit ratings in Sweden as a measure of financial constraints. We then use panel regressions and a regression …-discontinuity analysis to estimate the relationship between access to credit and cash holdings. Our analysis finds no causal effect of credit …

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 …

that are prevalent in developing and low income countries. Micro credit lenders use “innovative” lending methods such as … group lending, contingent credit and use of collateral substitutes to provide credit to those unable to borrow from … credit constraints. A study of micro enterprise access to credit in Uganda revealed limiting factors such as the evolving …

In this paper, we find that reduced credit supply reduces firm investments in our sample of small private firms. The … firms hedge against potential future credit supply shocks? (ii) did they have better access to shareholder funding? or (iii … differences in the effects of reduced credit supply on investments across conventional financial constraint categories. The …

To analyze whether the occurrence of elections affects access to credit for firms, we perform an investigation using … firm-level data covering 44 developed and developing countries. The results show that elections impair access to credit …. Specifically, firms are more credit-constrained in election years and pre-election years as elections exacerbate political …

We investigate how financial contracting interacts with lending channel effects by tracing the anatomy of a credit …-lending revenues, and those that pledge collateral, especially outside assets and real estate, experience less credit rationing …