Trade Credit and Industry Dynamics: Evidence from Trucking Firms
Long payment terms are a strong impediment to the entry and survival of liquidity-constrained firms. To test this idea and its implications, I consider the effect of a reform restricting the trade credit supply of French trucking firms. In a difference-in-differences setting, I find that trucking fi...
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| Format: | Article |
| Language: | English |
| Published: |
Wiley Blackwell,
2017-05-03T14:30:23Z.
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| Subjects: | |
| Online Access: | Get fulltext |