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Trade credit and the bank lending channel
Nilsen, Jeffrey H. - 1999
The bank lending channel theory posits that during monetary contractions banks restrict some firms' loans, thus reducing their desired investment independently of interest rates. Previous research finds small firms reduce, while large firms accelerate, loan growth. We find that small firms...
Persistent link: https://www.econbiz.de/10011398642
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Trade credit and the bank lending channel
Nilsen, Jeffrey H. - In: Journal of money, credit and banking : JMCB 34 (2002) 1, pp. 226-253
Persistent link: https://www.econbiz.de/10001648642
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Why is the inter-firm credit market in Korea special? : an agency view of trade credit use by chaebols
Kim, Tae-hwan; Nilsen, Jeffrey H. - In: Global economic review 43 (2014) 4, pp. 429-452
Persistent link: https://www.econbiz.de/10010511604
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Ensuring sales : a theory of inter-firm credit
Daripa, Arupratan; Nilsen, Jeffrey H. - In: American economic journal : a journal of the American … 3 (2011) 1, pp. 245-279
Persistent link: https://www.econbiz.de/10009234025
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Trade Credit and the Bank Lending Channel
Nilsen, Jeffrey H. - 1999
The bank lending channel theory posits that during monetary contractions banks restrict some firms' loans, thus reducing their desired investment independently of interest rates. Previous research finds small firms reduce, while large firms accelerate, loan growth. We find that small firms...
Persistent link: https://www.econbiz.de/10011430008