Trade credit, SMEs credit constraints, and contagion: Evidence from China KU Leuven
This research project aims to identify the SMEs that experience credit constraints and analyze the firm, banking system, and macro-level factors that may affect the supply and demand of bank credit. Furthermore, this project intends to explore the effect of trade credit on credit constraints faced by SMEs. Specifically, the heterogeneous effect of trade credit for firms due to firm characteristics and macro factors is highlighted in the ...