Fasano, Francesco; La Rocca, Maurizio; Sánchez-Vidal, … - In: International Journal of Financial Studies : open … 12 (2024) 1, pp. 1-16
Credit from suppliers is an important source of finance for firms. It can sustain firms' financial flexibility even in … how local financial development affects the trade credit policies of SMEs and how this effect is conditioned by the degree … of judicial enforcement. Given that trade credit can be a substitute for bank financing, we find that firms make more use …