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Trade Credit Borrowing Amidst the COVID-19 Pandemic: Evidence from Turkish Publicly Traded Firms

Sayı: 122 1 Ekim 2024
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Trade Credit Borrowing Amidst the COVID-19 Pandemic: Evidence from Turkish Publicly Traded Firms

Öz

This study focuses on the effects of the COVID-19 pandemic on trade credit borrowing among publicly traded Turkish firms. Changes in the amount and duration of trade credit utilized by firms during the pandemic are investigated using panel data analysis, including Difference Generalized Method of Moments (GMM) and Fixed Effects Ordinary Least Squares (FE-OLS) methods. The findings reveal a significant increase in both the amount and duration of trade credit obtained from suppliers amidst the pandemic's economic disruptions. This trend is particularly pronounced among high-debt and low-cash firms, suggesting a heightened reliance on trade credit as a financing mechanism.

Anahtar Kelimeler

Covid-19 pandemic, crisis, trade credit

Kaynakça

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  5. Altunok, F., Mitchell, K., & Pearce, D. K. (2020). The trade credit channel and monetary policy transmission: Empirical evidence from US panel data. The Quarterly Review of Economics and Finance, 78, 226-250.
  6. Andrieu, G., Staglianò, R., & Van Der Zwan, P. (2018). Bank debt and trade credit for SMEs in Europe: firm-, industry-, and country-level determinants. Small Business Economics, 51, 245-264.
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Kaynak Göster

APA
Karakoç, B. (2024). Trade Credit Borrowing Amidst the COVID-19 Pandemic: Evidence from Turkish Publicly Traded Firms. Maliye ve Finans Yazıları, 122, 110-133. https://doi.org/10.33203/mfy.1476916
AMA
1.Karakoç B. Trade Credit Borrowing Amidst the COVID-19 Pandemic: Evidence from Turkish Publicly Traded Firms. Maliye ve Finans Yazıları. 2024;(122):110-133. doi:10.33203/mfy.1476916
Chicago
Karakoç, Bahadır. 2024. “Trade Credit Borrowing Amidst the COVID-19 Pandemic: Evidence from Turkish Publicly Traded Firms”. Maliye ve Finans Yazıları, sy 122: 110-33. https://doi.org/10.33203/mfy.1476916.
EndNote
Karakoç B (01 Ekim 2024) Trade Credit Borrowing Amidst the COVID-19 Pandemic: Evidence from Turkish Publicly Traded Firms. Maliye ve Finans Yazıları 122 110–133.
IEEE
[1]B. Karakoç, “Trade Credit Borrowing Amidst the COVID-19 Pandemic: Evidence from Turkish Publicly Traded Firms”, Maliye ve Finans Yazıları, sy 122, ss. 110–133, Eki. 2024, doi: 10.33203/mfy.1476916.
ISNAD
Karakoç, Bahadır. “Trade Credit Borrowing Amidst the COVID-19 Pandemic: Evidence from Turkish Publicly Traded Firms”. Maliye ve Finans Yazıları. 122 (01 Ekim 2024): 110-133. https://doi.org/10.33203/mfy.1476916.
JAMA
1.Karakoç B. Trade Credit Borrowing Amidst the COVID-19 Pandemic: Evidence from Turkish Publicly Traded Firms. Maliye ve Finans Yazıları. 2024;:110–133.
MLA
Karakoç, Bahadır. “Trade Credit Borrowing Amidst the COVID-19 Pandemic: Evidence from Turkish Publicly Traded Firms”. Maliye ve Finans Yazıları, sy 122, Ekim 2024, ss. 110-33, doi:10.33203/mfy.1476916.
Vancouver
1.Bahadır Karakoç. Trade Credit Borrowing Amidst the COVID-19 Pandemic: Evidence from Turkish Publicly Traded Firms. Maliye ve Finans Yazıları. 01 Ekim 2024;(122):110-33. doi:10.33203/mfy.1476916