We use a panel of 9,381 UK firms over the period 1993-2003 to study the links between firms' financial health and their global engagement status. We estimate error-correction inventory investment equations augmented with financial variables, and interpret the sensitivity of inventory investment...

This paper examines the role of political affiliation in the extension of trade credit by Chinese firms. Using a data-set of over 70,000 firms over the period 2000-2007, we find that, because they benefit from easier access to short-term external funding, politically affiliated firms can extend...

This paper examines the role of political affiliation in the extension of trade credit by Chinese firms. Using a dataset of more than 70,000 firms over the period 2000-2007, we find that, because they benefit from easier access to short-term external funding, politically affiliated firms can...