We investigate the relation between social capital and firms' use of trade credit in the USA. We also estimate the … extent to which social capital is both directly and indirectly related to firms' use of trade credit. Using a large sample of … US data, we find robust evidence that firms headquartered in high social capital counties use less trade credit: a …

Trade credit insurance (TCI) is a risk management tool commonly used by suppliers to guarantee against payment default … by credit buyers. TCI contracts can be either cancelable (the insurer has the discretion to cancel this guarantee during … decisions regarding whether to ship goods to the credit buyer). We further explore which contracts better facilitate these two …

-2009, we show that firms use the trade credit channel to manage growth. In countries where the trade credit channel is more … financial market imperfections, and therefore more likely to be financially constrained, rely more on the trade credit channel … the trade credit channel for growth …

–2009, we show that firms use the trade credit channel to manage growth. In countries where the trade credit channel is more … financial market imperfections, rely more on the trade credit channel to manage growth. Finally, we show that also the overall … conditions of the financial market matter for the importance of the trade credit channel for growth …