The exploitation of relationships in financial distress: The case of trade credit

Journal of Finance

Volumn 55, Issue 1, 2000, Pages 153-178

  Wilner, Benjamin S ^a  

^a Law and Economics Consulting Group   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0040808858     PISSN: 00221082     EISSN: None     Source Type: Journal    
DOI: 10.1111/0022-1082.00203     Document Type: Article

References (32)

1. Barzman Sol, 1975, Credit in Early America (NACM, New York).
2. Bebchuk, Lucien, and Howard Chang, 1993, Bargaining and the division of value in corporate reorganization, Unpublished manuscript, Harvard Law School.
3. Berkovitch, Elazar, Ronen Israel, and Jaime Zender, 1994, The design of bankruptcy law: A case for management bias in bankruptcy reorganizations, Working paper, University of Utah.
4. Brennan, Michael J., Vojislav Maksimovic, and Josef Zechner, 1984, Vendor financing, Journal of Finance 43, 1127-1141.
5. Brick, Ivan E., and William K. H. Fung, 1984, Taxes and the theory of trade debt, Journal of Finance 39, 1169-1175.
6. Brown, David T., 1989, Claimholder incentive conflicts in reorganization: The role of bankruptcy law, Review of Financial Studies 2, 109-123.
7. Bulow, Jeremy, and John Shoven, 1978, The bankruptcy decision, Bell Journal of Economics 9, 437-456.
8. Calomiris Charles W., Charles P. Himmelberg, and Paul Wachtel, 1995, Commercial paper, corporate finance, and the business cycle: A microeconomic perspective, Carnegie-Rochester Conference Series on Public Policy 42, 203-250.
9. Credit Research Foundation, 1965, Credit Management Handbook (Irwin, Homewood, Ill.).
10. Credit Research Foundation, 1996, Quick survey results: Current trends in the practice of late payment service charges, Unpublished manuscript.
11. Emery, Gary W., 1984, A pure financial explanation for trade credit, Journal of Financial and Quantitative Analysis 19, 271-285.
12. Emery, Gary W., 1987, An optimal financial response to variable demand, Journal of Financial and Quantitative Analysis 22, 209-225.
13. Evans, Jocelyn D., 1998, Are lending relationships valuable to equity holders in Chapter 11 bankruptcy?, Unpublished manuscript, Georgia State University.
14. Fabozzi Frank J., Jane Tripp Howe, Takashi Makabe, and Toshilude Sudo, 1993, Recent evidence on the distribution patterns in Chapter 11 reorganizations, Journal of Fixed Income 3, 6-23.
15. Frank, Murray, and Vojislav Maksimovic, 1995, Why is most commercial trade on credit?, Unpublished manuscript, University of British Columbia.
16. Franks, Julian, and Kjell Nyborg, 1996, Control rights, debt structure and the loss of private benefits: The case of the UK insolvency code, Review of Financial Studies 9, 1165-1210.
17. Freixas, Xavier, 1993, Short term credit versus account receivable financing, Working paper, Universitat Pompeu Fabra.
18. Giammarino, Ronald M., 1989, The resolution of financial distress, Review of Financial Studies 2, 25-47.
19. Internal Revenue Service, 1997, Statistics of Income (U.S. Treasury Department, Washington, D.C.).
20. Kiyotaki, Nobuhiro, and John Moore, 1997, Credit cycles, Journal of Political Economy 105, 211-248.
21. Klein Benjamin, Robert Crawford, and Armen Alchian, 1978, Vertical integration, appropriable rents and the competitive contracting process, Journal of Law and Economics 21, 297-325.
22. Long, Michael S., Ileen B. Malitz, and S. Abraham Ravid, 1993, Trade credit, quality guarantees and product marketability, Financial Management 22, 117-127.
23. Miller, Merton, and Franco Modigliani, 1961, Dividend policy, growth and the valuation of shares, Journal of Business 34, 411-433.
24. Ng, Chee K., Janet Kiholm Smith, and Richard L. Smith, 1999, Evidence on the determinants of credit terms used in interfirm trade, Journal of Finance 54, 1109-1129.
25. Petersen, Mitchell A., and Raghuram G. Rajan, 1994, The benefits of lending relationships: Evidence from small business data, Journal of Finance 49, 3-37.
26. Petersen, Mitchell A., and Raghuram G. Rajan, 1995, The effect of credit market competition on lending relationships, Quarterly Journal of Economics 110, 407-444.
27. Petersen, Mitchell A., and Raghuram G. Rajan, 1997, Trade credit: Theories and evidence, Review of Financial Studies 10, 661-692.
28. Rajan, Raghuram G., and Luigi Zingales, 1995, What do we know about capital structure? Some evidence from international data, Journal of Finance 50, 1421-1460.
29. Schwartz, Robert A., 1974, An economic model of trade credit, Journal of Financial and Quantitative Analysis 9, 643-657.
30. Schwartz, Robert A., and David K. Whitcomb, 1979, The trade credit decision; in James L. Bicksler, ed.: Handbook of Financial Economics (North Holland, Amsterdam).
31. Smith, Janet Kiholm, 1987, Trade credit and informational asymmetry, Journal of Finance 42, 863-872.
32. Wilner, Benjamin Stuart, 1997, Paying your bills: An empirical study of trade credit, Unpublished manuscript, University of Iowa.