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Firms as Financial Intermediaries : Evidence from Trade Credit Data

The authors argue that non-financial firms act as intermediaries, by channeling short-term funds from the financial institutions in an economy, to their best use. Non-financial firms act in this way because they may have a comparative advantage in...

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Bibliographic Details
Main Authors: Demirguc-Kunt, Asli, Maksimovic, Vojislav
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
ACCOUNTING
ADVERSE SELECTION
ANNUAL OBSERVATIONS
ARBITRAGE
ASSETS
BALANCE SHEET
BANK LENDING
BANK LOANS
BANKING RELATIONSHIPS
BANKING SECTOR
BANKING SYSTEM
BANKING SYSTEMS
BANKS
BORROWING
COMPARATIVE ADVANTAGE
COMPETITIVENESS
CORPORATE FINANCE
DEBT
DEVELOPMENT ECONOMICS
DIVIDENDS
ECONOMIC CONDITIONS
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
FINANCIAL CONTRACTS
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL MARKETS
FINANCIAL SECTOR
FINANCIAL SYSTEMS
GDP
GROSS DOMESTIC PRODUCT
GROWTH RATE
INEFFICIENCY
INFLATION
INFLATION RATE
INSTITUTIONAL DEVELOPMENT
INVENTORY
LAWS
LEGAL INFRASTRUCTURE
LEGAL PROVISIONS
LEGAL SYSTEMS
LENDING RATES
LESS DEVELOPED COUNTRIES
MARKET ECONOMIES
MARKET POWER
NET SALES
OPPORTUNITY COST
PER CAPITA INCOME
POLICY DECISIONS
PREDICTIONS
PRICE DISCRIMINATION
PRIVATE BANKING
PROFITABILITY
PROPERTY RIGHTS
PROPRIETARY INFORMATION
REORGANIZATION
RETURN ON EQUITY
SECURITIES
STATE BANKS
STATE OWNERSHIP
STOCK MARKETS
SUBSTITUTION EFFECT
VALUATION ENTERPRISES
TRADE INTEGRATION
CREDIT INTERMEDIARY
FUNDING CAPACITY
EXTERNAL FINANCE
LEGAL FRAMEWORK
PRIVATE BANKS
ENTERPRISES
VALUATION
Online Access:http://documents.worldbank.org/curated/en/2001/10/1615098/firms-financial-intermediaries-evidence-trade-credit-data
http://hdl.handle.net/10986/19511

Internet

http://documents.worldbank.org/curated/en/2001/10/1615098/firms-financial-intermediaries-evidence-trade-credit-data
http://hdl.handle.net/10986/19511

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