全球智库信息集成服务系统(G2TT): Trade Credit, Financial Intermediary Development and Industry Growth

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w8960
来源ID	Working Paper 8960
	Trade Credit, Financial Intermediary Development and Industry Growth
	Raymond Fisman; Inessa Love
发表日期	2002-05-23
出版年	2002
语种	英语
摘要	Recent work suggests that financial development is important for economic growth, since financial markets more effectively allocate capital to firms with high value projects. For firms in poorly developed financial markets, implicit borrowing in the form of trade credit may provide an alternative source of funds. We show that industries with higher dependence on trade credit financing exhibit higher rates of growth in countries with weaker financial institutions. Furthermore, consistent with barriers to trade credit access among young firms, we show that most of the effect that we report comes from growth in the size of pre-existing firms.
主题	Financial Economics ; Financial Markets ; Financial Institutions
URL	https://www.nber.org/papers/w8960
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/566568
推荐引用方式 GB/T 7714	Raymond Fisman,Inessa Love. Trade Credit, Financial Intermediary Development and Industry Growth. 2002.