Corporate Resilience to Banking Crises: The Roles of Trust and Trade Credit
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DOI: 10.1017/s0022109018000224
Abstract: Are firms more resilient to systemic banking crises in economies with higher levels of social trust? Using firm-level data in 34 countries from 1990 through 2011, we find that liquidity-dependent firms in high-trust countries obtain… read more here.
Keywords: corporate resilience; trade credit; banking crises; trust ... See more keywords