Repository logo
 
Publication

Bank Credit and Trade Credit: The Case of Portuguese SMEs from 2010 to 2019

2023Journal article Open access
Simple item page
dc.contributor.authorPinto, Pedro
dc.contributor.authorHenriques, Carla
dc.contributor.authorCardoso, Carolina Esteves Oliveira da Silva
dc.contributor.authorNeves, Maria Elisabete Duarte
dc.date.accessioned2023-10-19T14:11:24Z
dc.date.available2023-10-19T14:11:24Z
dc.date.issued2023
dc.description.abstractSmall companies face significant difficulties in accessing finance, and the use of bank credit and trade credit are the primary sources of financing, specifically in small countries, with little market liquidity, and focused on the banking system, as is the case of Portugal. The main objective of this article is to identify significant drivers of bank and trade credit, as well as investigate the complementary or substitutive relationship between them, considering that both constitute an essential source of financing for small and medium-sized enterprises (SMEs). The sample comprises 5860 companies, and the analysis was performed using panel data methodology (2010–2019). The results suggest that, during the period in which the financial crisis was most felt in the country (2010–2013), companies intensified their demand for trade credit, and in the following years for bank credit. Our evidence does support the substitution hypothesis between trade and bank credit.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationPinto, A. P. S., Henriques, C. M. R., Cardoso, C. E. O. da S., & Neves, M. E. D. (2023). Bank Credit and Trade Credit: The Case of Portuguese SMEs from 2010 to 2019. Journal of Risk and Financial Management, 16(3). https://doi.org/10.3390/jrfm16030170pt_PT
dc.identifier.doi10.3390/jrfm16030170pt_PT
dc.identifier.eissn1911-8074
dc.identifier.urihttp://hdl.handle.net/10400.19/7978
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.relation.publisherversionhttps://www.mdpi.com/1911-8074/16/3/170pt_PT
dc.subjectSMEspt_PT
dc.subjectBank creditpt_PT
dc.subjectTrade creditpt_PT
dc.subjectFinancial crisispt_PT
dc.subjectCredit constraintspt_PT
dc.titleBank Credit and Trade Credit: The Case of Portuguese SMEs from 2010 to 2019pt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.citation.issue3pt_PT
oaire.citation.startPage170pt_PT
oaire.citation.titleJournal of Risk and Financial Managementpt_PT
oaire.citation.volume16pt_PT
person.familyNameMelo Pinto
person.familyNameHenriques
person.givenNamePedro
person.givenNameCarla
person.identifier.ciencia-id9011-BFDC-7EDC
person.identifier.ciencia-idF91C-B000-9ED8
person.identifier.orcid0000-0001-8257-0143
person.identifier.orcid0000-0002-2142-2849
person.identifier.scopus-author-id8955187400
rcaap.rightsopenAccesspt_PT
rcaap.typearticlept_PT
relation.isAuthorOfPublicationc6a6bfcb-57ac-4e09-a415-9834c938a2ab
relation.isAuthorOfPublication9138da60-0a34-4302-b547-864d612c30b8
relation.isAuthorOfPublication.latestForDiscovery9138da60-0a34-4302-b547-864d612c30b8

Files

Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
2023 Bank Credit and Trade Credit. The case of Portuguese SMEs from 2010 to 2019.pdf
Size:
593.86 KB
Format:
Adobe Portable Document Format
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.79 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

ESTGV - DMAT - Artigo em revista científica, indexada ao WoS/Scopus
CISeD - Artigo em revista científica, indexada ao WoS/Scopus
ESTGV - DG - Artigo em revista científica, indexada ao WoS/Scopus