A long-term orientation influences a country’s use of trade credit. We examine 519,805 firm-year observations across 71 countries from 1990 to 2020. Considering endogeneity and checking robustness, the main finding suggests that the effect of long-term orientation is related to the greater use...

The aim of this paper is to investigate whether national culture explains previously observed cross-country variation in trade credit. Previous work suggests that national culture may close the gap between behavioral finance and “Law and Finance” in corporate finance. National culture...