Investment in trade credit in small business start-ups: Evidence from Spain during a financial crisis

Baños Caballero, Sonia; García Teruel, Pedro Juan

Publication:
Investment in trade credit in small business start-ups: Evidence from Spain during a financial crisis

dc.contributor.author	Baños Caballero, Sonia
dc.contributor.author	García Teruel, Pedro Juan
dc.contributor.department	Organización de Empresas y Finanzas
dc.contributor.other	Facultades, Departamentos, Servicios y Escuelas::Departamentos de la UMU::Economía Financiera y Contabilidad	es
dc.coverage.spatial	Spain	es
dc.coverage.temporal	2011-2014	es
dc.date.accessioned	2023-12-20T12:23:38Z
dc.date.available	2023-12-20T12:23:38Z
dc.date.issued	2022-06-28
dc.description	© 2022. Taylor and Francis Group. This manuscript version is made available under the CC-BY-NC 4.0 license http://creativecommons.org/licenses/by-nc/4.0/. This document is the Accepted version of a published Work that appeared in final form in Applied Economics. To access the final edited and published work see https://doi.org/10.1080/00036846.2022.2086685	es
dc.description.abstract	This study analyses start-up firms’ investment in trade credit during the period 2011-2014. We find that new or recently created firms had greater investments in trade credit than established firms. Moreover, the results indicate that start-up firms’ investment in trade credit did not depend on their bargaining power or access to external finance. These findings suggest that the reason start-ups invested more in accounts receivable than established firms could be due to late payments or their granting credit to low-quality customers who cannot obtain credit from established firms.	es
dc.format	application/pdf	es
dc.format.extent	24	es
dc.identifier.citation	Applied Economics, 55(3), pp 273-282. 2023.
dc.identifier.doi	https://doi.org/10.1080/00036846.2022.2086685
dc.identifier.issn	Print: 0003-6846
dc.identifier.issn	Electronic: 1466-4283
dc.identifier.uri	https://hdl.handle.net/10201/136782
dc.language	eng	es
dc.publisher	Taylor and Francis Group	es
dc.relation	Grant PID2020-113741GB-I00 funded by MCIN/AEI/ 10.13039/501100011033. The authors also acknowledge financial support from Fundación CajaMurcia.	es
dc.rights	info:eu-repo/semantics/openAccess	es
dc.rights	Atribución-NoComercial 4.0 Internacional	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc/4.0/	*
dc.subject	Start-ups	es
dc.subject	Trade credit	es
dc.subject	Financial crisis	es
dc.subject	Bargaining power	es
dc.subject	Access to finance	es
dc.title	Investment in trade credit in small business start-ups: Evidence from Spain during a financial crisis	es
dc.type	info:eu-repo/semantics/article	es
dspace.entity.type	Publication	es