Abstract:The purpose of this study is to identify the firm-specific and country-specific determinants of trade credit supply during the financial crisis of 2008 and compare among upper-middle income and lower-middle income countries. Trade credit supply is measured as average collection period. For panel data analysis, this study uses the Prais - Winsten Panel Corrected Standard Errors (PCSE) method. PCSE removes the of cross-sectional dependence issue in the panel dataset. Findings indicate that firms had to pay their… Show more
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