Seminar October 31st: Impact of economic cycle on trade credit: The case of Spanish SMEs, imparted by Dr. Filippo di Pietro (University of Seville)
In this seminar, Dr. di Pietro studies the effects of the economic situation on trade credit received and granted, in small and medium-sized enterprises. The results show that the economic cycle significantly affects trade credit received and granted, which both increase in the period of economic boom, and contract during a period of crisis. In addition, constrained firms receive less credit from suppliers during the crisis, while their accounts receivables increase. Finally, those firms with greater capacity to generate internal resources grant more credit to their customers.
