search query: @indexterm Economic growth / total: 1784
reference: 119 / 1784
| Author: | Fisman, R. Love, I. |
| Title: | Trade credit, financial intermediary development, and industry growth |
| Journal: | Journal of Finance
2003 : FEB, VOL. 58:1, p. 353-374 |
| Index terms: | Credit Economic growth Financial intermediaries Financial markets |
| Language: | eng |
| Abstract: | Previous studies suggest that financial development is important for economic growth, since financial markets more effectively allocate capital to firms with high value projects. For firms in poorly developed financial markets, implicit borrowing in the form of trade credit may provide an alternative source of funds. It is shown in this study that idustries with higher dependence on trade credit financing exhibit higher rates of growth in countries with weaker financial institutions. |
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