National culture and small firms' use of trade credit: evidence from Europe

dc.contributor.authorMoro, Andrea
dc.contributor.authorBelghitar, Yacine
dc.contributor.authorMateus, Cesario
dc.date.accessioned2021-11-19T12:35:22Z
dc.date.available2021-11-19T12:35:22Z
dc.date.issued2021-07-16
dc.description.abstractWe examine the use of trade credit in Western Europe by relying on a sample of 182,296 small firms for the period 2003–2013. Building on information asymmetry theory, we explore how a country's culture can impact SMEs use of trade credit. We discover that countries' cultural norms play a key role in explaining trade credit differences in Europe. We find that in countries with high power distance, high individualism, high masculinity, and high uncertainty avoidance rely more on trade credit.en_UK
dc.identifier.citationMoro A, Belghitar Y, Mateus C. (2021) National culture and small firms' use of trade credit: evidence from Europe. Global Finance Journal, Volume 49, August 2021, Article number 100655en_UK
dc.identifier.issn1044-0283
dc.identifier.urihttps://doi.org/10.1016/j.gfj.2021.100655
dc.identifier.urihttp://dspace.lib.cranfield.ac.uk/handle/1826/17287
dc.language.isoenen_UK
dc.publisherElsevieren_UK
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectTrade crediten_UK
dc.subjectCultureen_UK
dc.subjectSMEsen_UK
dc.subjectBank crediten_UK
dc.subjectFinancial flexibilityen_UK
dc.titleNational culture and small firms' use of trade credit: evidence from Europeen_UK
dc.typeArticleen_UK

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