版权说明 操作指南
首页 > 成果 > 详情

Regional financial risk and firms' access to trade credit: Evidence from China

认领
导出
Link by DOI
反馈
分享
QQ微信 微博
成果类型:
期刊论文
作者:
Shi, Luqing;Yin, Zhujia;Zhang, Yun;Song, Linjia;Yang, Xin
通讯作者:
Zhang, Y;Song, LJ
作者机构:
[Yang, Xin; Yin, Zhujia; Shi, Luqing] Changsha Univ Sci & Technol, Sch Econ & Management, Changsha 410114, Peoples R China.
[Zhang, Yun] Shanghai Univ Int Business & Econ, Sch Finance, Shanghai 201620, Peoples R China.
[Song, LJ; Song, Linjia] Xiamen Univ, Sch Management, Xiamen 361005, Peoples R China.
通讯机构:
[Song, LJ ] X
[Zhang, Y ] S
Shanghai Univ Int Business & Econ, Sch Finance, Shanghai 201620, Peoples R China.
Xiamen Univ, Sch Management, Xiamen 361005, Peoples R China.
语种:
英文
关键词:
Regional financial risk;Trade credit;Financing policy
期刊:
Pacific-Basin Finance Journal
ISSN:
0927-538X
年:
2025
卷:
90
页码:
102642
基金类别:
National Social Science Foundation of China [21BGL111]; National Social Science Fund of China [22 ZD120]; Shanghai Philosophy and Social Sciences Project [2021ZJB004]; Postgraduate Scientific Research Innovation Project of Hunan Province [QL20230218]
机构署名:
本校为第一机构
院系归属:
经济与管理学院
摘要:
Regional financial risk, as a representative form of tangible financial risk, introduces heightened uncertainty into the external economic environment of firms. Different from previous studies on aggregate financial risk conditions, this paper focuses on the impact of regional financial risk on firms' access to trade credit. We find a robust negative relationship between regional financial risk and trade credit. Moreover, channel tests reveal that this relationship is achieved through increased cash holdings, reduced investment demand, and being in financial distress. Cross-sectional tests sho...

反馈

验证码:
看不清楚,换一个
确定
取消

成果认领

标题:
用户 作者 通讯作者
请选择
请选择
确定
取消

提示

该栏目需要登录且有访问权限才可以访问

如果您有访问权限,请直接 登录访问

如果您没有访问权限,请联系管理员申请开通

管理员联系邮箱:yun@hnwdkj.com