Suppliers' listing status and trade credit provision

被引：42

作者：

Abdulla, Yomna ^{[1
]}

Viet Anh Dang ^{[2
]}

Khurshed, Arif ^{[2
]}

机构：

[1] Univ Bahrain, POB 32038, Sakheer, Bahrain

[2] Univ Manchester, Alliance Manchester Business Sch, Manchester M15 6PB, Lancs, England

来源：

JOURNAL OF CORPORATE FINANCE | 2020年 / 60卷

关键词：

Trade credit; Accounts receivable; Public firms; Private firms; WORKING CAPITAL MANAGEMENT; PERFORMANCE SENSITIVITY; ASYMMETRIC INFORMATION; FINANCIAL CONSTRAINTS; CORPORATE-INVESTMENT; PRIVATE; FIRMS; DETERMINANTS; POLICY; CUSTOMER;

D O I：

10.1016/j.jcorpfin.2019.101535

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We show that public suppliers extend more trade credit than their private counterparts. The impact of stock market listing on accounts receivable is more pronounced among firms that are financially more constrained or more reliant on external finance. Moreover, firms significantly increase their trade credit provision following equity issuances in stock exchanges. These results are consistent with the argument that stock market listing status improves firms' access to external sources of financing, especially equity capital, thus enhancing their ability to offer more trade credit to customers.

引用

页数：22

共 90 条

[1] Stock market listing and the use of trade credit: Evidence from public and private firms [J].