This paper studies the effect of the 2008 financial crisis on trade credit and bank credit for a sample of 1982 firms … in thirteen countries in Western Europe. We find that net trade credit decreases gradually for the whole period. On the … other hand bank credit stays stable for the first 2 years of the studied period (2006-2010), increases when the crisis …

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 …

access traditional bank lending. Using European firm-level data on SME access to finance since the onset of the financial …