Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/270155 
Year of Publication: 
2021
Citation: 
[Journal:] Cogent Economics & Finance [ISSN:] 2332-2039 [Volume:] 9 [Issue:] 1 [Article No.:] 1975412 [Year:] 2021 [Pages:] 1-12
Publisher: 
Taylor & Francis, Abingdon
Abstract: 
The literature on the relationship between bank credit and trade credit is mixed between the substitution and complementarity effects. The extant studies only investigate the linear relationship between the two factors, thus missing some important implications from any non-linear relationship that could exist. The current study investigates the linear and non-linear impacts of short-term bank debt on trade credit, using a sample of 622 listed non-financial firms in Vietnam from 2011 to 2019. The research results contribute to reconciling the mixed findings about the impact of short-term debt on trade credit by showing that short-term debt tends to reduce the use of the latter at high levels of short-term debt.
Subjects: 
non-linear effect
pecking order
trade credit
Vietnam
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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