| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11680 |
| DP11680 Inter-Enterprise Credit and Adjustment During Financial Crises: The Role of Firm Size | |
| Fabrizio Coricelli; Marco Frigerio | |
| 发表日期 | 2016-12-03 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Analyzing a large firm-level database for European countries, the paper shows that during the Great Recession trade credit amplified the liquidity squeeze on SMEs induced by the contraction of bank credit. Because of their generally weaker bargaining power in the inter-enterprise credit market, SMEs sharply increased their net trade credit and thus transferred financial resources to larger firms. The paper finds that the liquidity squeeze induced by trade credit had large negative effects on real activity by SMEs, contributing to the fall in employment, wages and investments. |
| 主题 | International Macroeconomics and Finance ; Monetary Economics and Fluctuations |
| 关键词 | Trade credit Financial crises Smes |
| URL | https://cepr.org/publications/dp11680 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540494 |
| 推荐引用方式 GB/T 7714 | Fabrizio Coricelli,Marco Frigerio. DP11680 Inter-Enterprise Credit and Adjustment During Financial Crises: The Role of Firm Size. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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