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- Publisher Website: 10.1111/jbfa.12694
- Scopus: eid_2-s2.0-85150731923
- WOS: WOS:000949257600001
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Article: Inherited trust and informal finance
| Title | Inherited trust and informal finance |
|---|---|
| Authors | |
| Keywords | financial constraints informal finance inherited trust trade credit |
| Issue Date | 2024 |
| Citation | Journal of Business Finance and Accounting, 2024, v. 51, n. 1-2, p. 334-362 How to Cite? |
| Abstract | This paper examines the impact of trust on informal financial development. We isolate the inherited component of trust for 19 countries using US census data and relate it to firms’ access to trade credit. We discover that trust disproportionately elevates the use of trade credit by companies that face obstacles to obtaining funds from formal channels. Further analyses show that the effect is more pronounced in finance-dependent industries and that better access to trade credit promotes sales growth. Our results are robust to alternative samples, different estimations of inherited trust and various model specifications. |
| Persistent Identifier | http://hdl.handle.net/10722/342806 |
| ISSN | 2023 Impact Factor: 2.2 2023 SCImago Journal Rankings: 1.283 |
| ISI Accession Number ID |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Xu, Jiaman | - |
| dc.contributor.author | Chen, Jiandong | - |
| dc.contributor.author | Jiang, Mengfei | - |
| dc.contributor.author | An, Jiafu | - |
| dc.date.accessioned | 2024-04-26T02:27:32Z | - |
| dc.date.available | 2024-04-26T02:27:32Z | - |
| dc.date.issued | 2024 | - |
| dc.identifier.citation | Journal of Business Finance and Accounting, 2024, v. 51, n. 1-2, p. 334-362 | - |
| dc.identifier.issn | 0306-686X | - |
| dc.identifier.uri | http://hdl.handle.net/10722/342806 | - |
| dc.description.abstract | This paper examines the impact of trust on informal financial development. We isolate the inherited component of trust for 19 countries using US census data and relate it to firms’ access to trade credit. We discover that trust disproportionately elevates the use of trade credit by companies that face obstacles to obtaining funds from formal channels. Further analyses show that the effect is more pronounced in finance-dependent industries and that better access to trade credit promotes sales growth. Our results are robust to alternative samples, different estimations of inherited trust and various model specifications. | - |
| dc.language | eng | - |
| dc.relation.ispartof | Journal of Business Finance and Accounting | - |
| dc.subject | financial constraints | - |
| dc.subject | informal finance | - |
| dc.subject | inherited trust | - |
| dc.subject | trade credit | - |
| dc.title | Inherited trust and informal finance | - |
| dc.type | Article | - |
| dc.description.nature | link_to_subscribed_fulltext | - |
| dc.identifier.doi | 10.1111/jbfa.12694 | - |
| dc.identifier.scopus | eid_2-s2.0-85150731923 | - |
| dc.identifier.volume | 51 | - |
| dc.identifier.issue | 1-2 | - |
| dc.identifier.spage | 334 | - |
| dc.identifier.epage | 362 | - |
| dc.identifier.eissn | 1468-5957 | - |
| dc.identifier.isi | WOS:000949257600001 | - |