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The relationship between trade credit and bank loans under economic fluctuations - based on the perspective of the supply chain

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  • Qiang Lin
  • Beibei Qiao

Abstract

Bank loans and trade credit (B&T) are the most important short-term loan sources for enterprises. Therefore, it is important to study the relationship between them and whether this relationship is affected by some factors. This paper uses the panel data of all A-share listed companies in China from 2000 to 2018 to study the relationship between B&T, as well as the impact of economic fluctuations, profits, status and ownership on this relationship. Several findings are noted. First, there is a complementary relationship and this relationship is affected by economic fluctuations, profits, status and ownership. Second, economic fluctuations, profit, status and ownership have a negative impact on the relationship between B&T. The complementary effects will weaken under the image of economic fluctuations, profit, status, and ownership. Finally, economic fluctuations, profit, status and ownership have a greater impact on the relationship between bank loans and accounts payable than on bank loans and accounts receivable.

Suggested Citation

  • Qiang Lin & Beibei Qiao, 2021. "The relationship between trade credit and bank loans under economic fluctuations - based on the perspective of the supply chain," Applied Economics, Taylor & Francis Journals, vol. 53(6), pages 688-702, February.
    • Handle: RePEc:taf:applec:v:53:y:2021:i:6:p:688-702
    DOI: 10.1080/00036846.2020.1809632
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    Cited by:

    1. Zhang, Zuomin & Dai, Ling, 2023. "The bank loan distribution effect of government spending expansion: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 89(C).
    2. Zhen, Zhiyuan & Jiang, Lan & Yan, Qiang, 2024. "The evolution of portfolio financing equilibrium in a risk-averse supply chain under a partial trade credit policy," Finance Research Letters, Elsevier, vol. 62(PA).

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