RT Journal Article
T1 Bank credit and trade credit after the financial crisis: evidence from rural Galicia
A1 Peón Pose, David
A1 Guntín Araújo, Xulia
K1 Trade credit
K1 Bank credit constraints
K1 Rural development
K1 SME
K1 SE
K1 Entrepreneur
AB Access to external finance is a key challenge for the creation, survival and growth of SMEs. This article delves into the “weak funding” handicap of rural small firms (SEs): the access to bank financing and the substitutive role of trade credit for entrepreneurs in rural areas when they faced bank credit constraints. Considering SEs in Galicia (Spain), a paradigmatic case in Europe of rural areas in demographic decline with a strong impact of the Spanish sovereign and banking crisis of 2008–2012. There’s evidence of firms in rural areas facing a differential negative flow of bank credit during the financial crisis, especially in the manufacturing and construction sectors, that dissipated afterwards. Then, using a panel data approach that considers the determinants of trade credit, the complementary and substitutive hypotheses are tested to estimate the impact of bank credit restrictions over trade credit
PB Vilnius Gediminas Technical University
SN 1611-1699
YR 2021
FD 2021
LK http://hdl.handle.net/10347/26775
UL http://hdl.handle.net/10347/26775
LA eng
NO Journal of Business Economics and Management 2021, 22(3): 616-635. https://doi.org/10.3846/jbem.2021.14270
NO This research has received the funding of R&D+i Program Oriented to Society’s Challenges (Ref. PID2019-106273RB-I00), “Money in Transformation: Actors, Processes and Social Effects of Financial Innovation”, from the Ministry of Science and Innovation (Spain).
DS Minerva
RD 30 abr 2026