stand-alone single stocking stage under demand uncertainty (newsvendor-like models) or within bilateral supply chains of a … supplier and buyer interacting with the use of a trade-credit-contract. In both environments, the buyer is looking for … case, our buyer -- the newsvendor -- exhibits conservative behaviour and orders less than the traditional quantity. Our …

firms accelerate, loan growth. We find that small firms increase trade credit, a substitute credit, indicating a strong loan …-desirable alternative. Using trade credit is propitious since unlike commercial paper (investigated by previous researchers), it is widely … used by the small firms suffering the loan decline. Surprisingly, we also find large firms increase trade credit, a puzzle …

This study addresses the relationship between product innovation and the demand and supply of trade credit. Theoretical … credit demand and supply. Using a sample covering SMEs from 24 European countries this relationship is tested empirically … of trade credit for SMEs. Innovative firms have a higher probability to face credit constraints and therefore have a …