{"id":"https://openalex.org/W2004387277","doi":"https://doi.org/10.5296/ber.v5i1.7164","title":"Trade Credit, Bank Credit and Profits: Evidence from Indian Manufacturing Firms","display_name":"Trade Credit, Bank Credit and Profits: Evidence from Indian Manufacturing Firms","publication_year":2015,"publication_date":"2015-04-02","ids":{"openalex":"https://openalex.org/W2004387277","doi":"https://doi.org/10.5296/ber.v5i1.7164","mag":"2004387277"},"language":"en","primary_location":{"id":"doi:10.5296/ber.v5i1.7164","doi":"https://doi.org/10.5296/ber.v5i1.7164","is_oa":true,"landing_page_url":"https://doi.org/10.5296/ber.v5i1.7164","pdf_url":"http://www.macrothink.org/journal/index.php/ber/article/download/7164/6080","source":{"id":"https://openalex.org/S2764388120","display_name":"Business and Economic Research","issn_l":"2162-4860","issn":["2162-4860"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4328141805","host_organization_name":"Macrothink Institute","host_organization_lineage":["https://openalex.org/P4328141805"],"host_organization_lineage_names":["Macrothink Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business and Economic Research","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"http://www.macrothink.org/journal/index.php/ber/article/download/7164/6080","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5038673231","display_name":"Vikash Gautam","orcid":"https://orcid.org/0000-0002-2688-8509","observed_orcids":["https://orcid.org/0000-0002-2688-8509"]},"institutions":[{"id":"https://openalex.org/I16319596","display_name":"Indira Gandhi Institute of Development Research","ror":"https://ror.org/034jn5z48","country_code":"IN","type":"education","lineage":["https://openalex.org/I1287339526","https://openalex.org/I16319596"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Vikash Gautam","raw_affiliation_strings":["Indira Gandhi Institute of Development Research"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Indira Gandhi Institute of Development Research","institution_ids":["https://openalex.org/I16319596"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5109045982","display_name":"Rajendra R. Vaidya","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I16319596","display_name":"Indira Gandhi Institute of Development Research","ror":"https://ror.org/034jn5z48","country_code":"IN","type":"education","lineage":["https://openalex.org/I1287339526","https://openalex.org/I16319596"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Rajendra R. Vaidya","raw_affiliation_strings":["Indira Gandhi Institute of Development Research"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Indira Gandhi Institute of Development Research","institution_ids":["https://openalex.org/I16319596"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I16319596"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"5","issue":"1","first_page":"145","last_page":"145"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.00039999998989515007,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/trade-credit","display_name":"trade credit","score":0.9990000128746033},{"id":"https://openalex.org/keywords/bank-lending","display_name":"bank lending","score":0.8069999814033508},{"id":"https://openalex.org/keywords/firm-profitability","display_name":"firm profitability","score":0.6150000095367432},{"id":"https://openalex.org/keywords/accounts-payable","display_name":"accounts payable","score":0.9139999747276306},{"id":"https://openalex.org/keywords/accounts-receivable","display_name":"accounts receivable","score":1.0},{"id":"https://openalex.org/keywords/financial-constraints","display_name":"financial constraints","score":0.8119999766349792},{"id":"https://openalex.org/keywords/credit-market-imperfections","display_name":"credit market imperfections","score":0.9769999980926514},{"id":"https://openalex.org/keywords/substitution-and-complementarity","display_name":"substitutes and complements","score":0.7680000066757202},{"id":"https://openalex.org/keywords/indian-manufacturing-firms","display_name":"Indian manufacturing firms","score":0.7549999952316284},{"id":"https://openalex.org/keywords/endogenous-regime-switching","display_name":"endogenous regime switching","score":0.7279999852180481}],"concepts":[{"id":"https://openalex.org/C162078301","wikidata":"https://www.wikidata.org/wiki/Q250058","display_name":"Accounts payable","level":3,"score":0.9187110662460327},{"id":"https://openalex.org/C202451310","wikidata":"https://www.wikidata.org/wiki/Q328554","display_name":"Accounts receivable","level":2,"score":0.8254141807556152},{"id":"https://openalex.org/C2776825449","wikidata":"https://www.wikidata.org/wiki/Q1780900","display_name":"Trade credit","level":2,"score":0.7324062585830688},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.514879584312439},{"id":"https://openalex.org/C68842666","wikidata":"https://www.wikidata.org/wiki/Q1070699","display_name":"Credit history","level":2,"score":0.48086482286453247},{"id":"https://openalex.org/C202269582","wikidata":"https://www.wikidata.org/wiki/Q2644277","display_name":"Complementarity (molecular biology)","level":2,"score":0.4368012845516205},{"id":"https://openalex.org/C24308983","wikidata":"https://www.wikidata.org/wiki/Q5183781","display_name":"Credit reference","level":3,"score":0.4139980971813202},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.411261647939682},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3880016803741455},{"id":"https://openalex.org/C178350159","wikidata":"https://www.wikidata.org/wiki/Q162714","display_name":"Credit risk","level":2,"score":0.3453730344772339},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3116651773452759},{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.06857144832611084},{"id":"https://openalex.org/C54355233","wikidata":"https://www.wikidata.org/wiki/Q7162","display_name":"Genetics","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.5296/ber.v5i1.7164","doi":"https://doi.org/10.5296/ber.v5i1.7164","is_oa":true,"landing_page_url":"https://doi.org/10.5296/ber.v5i1.7164","pdf_url":"http://www.macrothink.org/journal/index.php/ber/article/download/7164/6080","source":{"id":"https://openalex.org/S2764388120","display_name":"Business and Economic Research","issn_l":"2162-4860","issn":["2162-4860"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4328141805","host_organization_name":"Macrothink Institute","host_organization_lineage":["https://openalex.org/P4328141805"],"host_organization_lineage_names":["Macrothink Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business and Economic Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:mth:ber888:v:5:y:2015:i:1:p:145-165","doi":null,"is_oa":false,"landing_page_url":"http://www.macrothink.org/journal/index.php/ber/article/view/7164/6080","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.5296/ber.v5i1.7164","doi":"https://doi.org/10.5296/ber.v5i1.7164","is_oa":true,"landing_page_url":"https://doi.org/10.5296/ber.v5i1.7164","pdf_url":"http://www.macrothink.org/journal/index.php/ber/article/download/7164/6080","source":{"id":"https://openalex.org/S2764388120","display_name":"Business and Economic Research","issn_l":"2162-4860","issn":["2162-4860"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":"https://openalex.org/P4328141805","host_organization_name":"Macrothink Institute","host_organization_lineage":["https://openalex.org/P4328141805"],"host_organization_lineage_names":["Macrothink Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business and Economic Research","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2004387277.pdf","grobid_xml":"https://content.openalex.org/works/W2004387277.grobid-xml"},"referenced_works_count":29,"referenced_works":["https://openalex.org/W1492712130","https://openalex.org/W1970899344","https://openalex.org/W2014753404","https://openalex.org/W2024365411","https://openalex.org/W2025610165","https://openalex.org/W2030298911","https://openalex.org/W2031779801","https://openalex.org/W2040515436","https://openalex.org/W2077721788","https://openalex.org/W2104102134","https://openalex.org/W2124115302","https://openalex.org/W2131921554","https://openalex.org/W2133444189","https://openalex.org/W2134246329","https://openalex.org/W2142259489","https://openalex.org/W2144357229","https://openalex.org/W2149088624","https://openalex.org/W2152340172","https://openalex.org/W2341795385","https://openalex.org/W2605496294","https://openalex.org/W2752617332","https://openalex.org/W3021995853","https://openalex.org/W3121403162","https://openalex.org/W3121786372","https://openalex.org/W3122288148","https://openalex.org/W3122318853","https://openalex.org/W3123299067","https://openalex.org/W3124550929","https://openalex.org/W3124863821"],"related_works":["https://openalex.org/W3109651775","https://openalex.org/W2269238939","https://openalex.org/W2089870135","https://openalex.org/W2104102134","https://openalex.org/W2942630459","https://openalex.org/W2981052452","https://openalex.org/W3157064844","https://openalex.org/W7215784432","https://openalex.org/W2609609213","https://openalex.org/W2466288337"],"abstract_inverted_index":{"An":[0],"important":[1],"question":[2],"that":[3,58,136],"is":[4,107],"empirically":[5],"under":[6],"researched":[7],"pertains":[8],"to":[9,85],"the":[10,29,52,82,91,97,101,128],"relationship":[11],"between":[12,35,121],"trade":[13,152],"credit":[14,21,30,40,88,126],"(accounts":[15],"payable":[16,37,123],"and":[17,22,38,45,62,124,146,160],"accounts":[18,36,67,122],"receivable),":[19],"bank":[20,39,125],"profits":[23],"when":[24],"there":[25],"are":[26,59,94,139,144,158],"imperfections":[27],"in":[28,66,90,110,127],"market.":[31],"Theory":[32],"predicts":[33],"complementarity":[34,120],"for":[41,47,81],"financially":[42,48],"constrained":[43,63,145,159],"firms":[44,57,80,137,142,156],"substitutability":[46],"unconstrained":[49,140],"firms.":[50],"On":[51],"other":[53],"hand,":[54],"only":[55],"those":[56],"relatively":[60,147],"unprofitable":[61,161],"should":[64],"invest":[65],"receivable.":[68],"We":[69,133],"test":[70],"these":[71],"predictions":[72],"using":[73],"a":[74],"sample":[75],"of":[76,103,130],"3041":[77],"Indian":[78,92],"manufacturing":[79],"period":[83],"1993":[84],"2009.":[86],"Trade":[87],"transactions":[89],"context":[93],"different":[95],"from":[96],"developed":[98],"countries":[99],"as":[100],"rediscounting":[102],"such":[104],"transaction":[105],"bills":[106],"almost":[108],"negligible":[109],"India.":[111],"Using":[112],"an":[113],"endogenous":[114],"regime":[115],"switching":[116],"model,":[117],"we":[118],"show":[119,135],"event":[129],"finance":[131],"constraint.":[132],"also":[134],"which":[138,143,157],"or":[141],"profitable":[148],"do":[149,162],"not":[150],"offer":[151],"credit.":[153],"In":[154],"fact,":[155],"so.":[163]},"counts_by_year":[],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}
