{"id":"https://openalex.org/W2048097785","doi":"https://doi.org/10.2753/ree1540-496x4905s403","title":"Impact of Trade Credit on Firm Inventory Investment During Financial Crises: Evidence from Latin America","display_name":"Impact of Trade Credit on Firm Inventory Investment During Financial Crises: Evidence from Latin America","publication_year":2013,"publication_date":"2013-09-01","ids":{"openalex":"https://openalex.org/W2048097785","doi":"https://doi.org/10.2753/ree1540-496x4905s403","mag":"2048097785"},"language":"en","primary_location":{"id":"doi:10.2753/ree1540-496x4905s403","doi":"https://doi.org/10.2753/ree1540-496x4905s403","is_oa":false,"landing_page_url":"https://doi.org/10.2753/ree1540-496x4905s403","pdf_url":null,"source":{"id":"https://openalex.org/S166264140","display_name":"Emerging Markets Finance and Trade","issn_l":"1061-2009","issn":["1061-2009","1540-496X","1558-0938"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets Finance and Trade","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5047360684","display_name":"Hsia Hua Sheng","orcid":"https://orcid.org/0000-0001-5827-319X","observed_orcids":["https://orcid.org/0000-0001-5827-319X"]},"institutions":[{"id":"https://openalex.org/I4400600936","display_name":"Escola de Administra\u00e7\u00e3o de Empresas de S\u00e3o Paulo","ror":"https://ror.org/02c0rrp38","country_code":"BR","type":"education","lineage":["https://openalex.org/I4400600936","https://openalex.org/I44202434"]},{"id":"https://openalex.org/I44202434","display_name":"Funda\u00e7\u00e3o Getulio Vargas","ror":"https://ror.org/01evzkn27","country_code":"BR","type":"education","lineage":["https://openalex.org/I44202434"]}],"countries":["BR"],"is_corresponding":false,"raw_author_name":"Hsia Hua Sheng","raw_affiliation_strings":["a Finance, Accounting, and Controllership Department, S\u00e3o Paulo School of Business, Getulio Vargas Foundation, S\u00e3o Paulo, Brazil"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"a Finance, Accounting, and Controllership Department, S\u00e3o Paulo School of Business, Getulio Vargas Foundation, S\u00e3o Paulo, Brazil","institution_ids":["https://openalex.org/I4400600936","https://openalex.org/I44202434"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5028147546","display_name":"Adriana Bruscato Bortoluzzo","orcid":"https://orcid.org/0000-0003-2872-031X","observed_orcids":["https://orcid.org/0000-0003-2872-031X"]},"institutions":[{"id":"https://openalex.org/I52977244","display_name":"Insper","ror":"https://ror.org/02nmavx05","country_code":"BR","type":"education","lineage":["https://openalex.org/I52977244"]}],"countries":["BR"],"is_corresponding":false,"raw_author_name":"Adriana Bruscato Bortoluzzo","raw_affiliation_strings":["b Insper Institute of Education and Research, S\u00e3o Paulo"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"b Insper Institute of Education and Research, S\u00e3o Paulo","institution_ids":["https://openalex.org/I52977244"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5001112144","display_name":"Gisler Andr\u00e9 Pereira dos Santos","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4403928399","display_name":"Escola de Economia de S\u00e3o Paulo","ror":"https://ror.org/054hyrm55","country_code":"BR","type":"education","lineage":["https://openalex.org/I4403928399","https://openalex.org/I44202434"]},{"id":"https://openalex.org/I44202434","display_name":"Funda\u00e7\u00e3o Getulio Vargas","ror":"https://ror.org/01evzkn27","country_code":"BR","type":"education","lineage":["https://openalex.org/I44202434"]}],"countries":["BR"],"is_corresponding":false,"raw_author_name":"Gisler Andr\u00e9 Pereira dos Santos","raw_affiliation_strings":["c S\u00e3o Paulo School of Economics, Getulio Vargas Foundation, S\u00e3o Paulo, Brazil"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"c S\u00e3o Paulo School of Economics, Getulio Vargas Foundation, S\u00e3o Paulo, Brazil","institution_ids":["https://openalex.org/I4403928399","https://openalex.org/I44202434"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":9.0578,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.97314479,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"49","issue":"sup4","first_page":"32","last_page":"52"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.9980000257492065,"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":0.9980000257492065,"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":0.0007999999797903001,"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/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"}}],"keywords":[{"id":"https://openalex.org/keywords/trade-credit","display_name":"trade credit","score":1.0},{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.984000027179718},{"id":"https://openalex.org/keywords/small-business","display_name":"small business","score":0.6710000038146973},{"id":"https://openalex.org/keywords/cash-reserves","display_name":"cash reserves","score":0.9319999814033508},{"id":"https://openalex.org/keywords/sectoral-differences","display_name":"sectoral differences","score":0.6729999780654907},{"id":"https://openalex.org/keywords/latin-america","display_name":"Latin America","score":0.6899999976158142},{"id":"https://openalex.org/keywords/argentina","display_name":"Argentina","score":0.8539999723434448},{"id":"https://openalex.org/keywords/brazil","display_name":"Brazil","score":0.9990000128746033},{"id":"https://openalex.org/keywords/mexico","display_name":"Mexico","score":1.0}],"concepts":[{"id":"https://openalex.org/C158886217","wikidata":"https://www.wikidata.org/wiki/Q16799549","display_name":"Latin Americans","level":2,"score":0.663876473903656},{"id":"https://openalex.org/C2993078247","wikidata":"https://www.wikidata.org/wiki/Q182076","display_name":"Bank credit","level":2,"score":0.5806374549865723},{"id":"https://openalex.org/C2776825449","wikidata":"https://www.wikidata.org/wiki/Q1780900","display_name":"Trade credit","level":2,"score":0.5616384148597717},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5143734216690063},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.4849167466163635},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.4833635687828064},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4831694960594177},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.4514913558959961},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.44683390855789185},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.44432365894317627},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.4384712278842926},{"id":"https://openalex.org/C2778083465","wikidata":"https://www.wikidata.org/wiki/Q693464","display_name":"Cash","level":2,"score":0.41859573125839233},{"id":"https://openalex.org/C2778776786","wikidata":"https://www.wikidata.org/wiki/Q1455109","display_name":"External financing","level":3,"score":0.41131892800331116},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3334372937679291},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.10637915134429932},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.2753/ree1540-496x4905s403","doi":"https://doi.org/10.2753/ree1540-496x4905s403","is_oa":false,"landing_page_url":"https://doi.org/10.2753/ree1540-496x4905s403","pdf_url":null,"source":{"id":"https://openalex.org/S166264140","display_name":"Emerging Markets Finance and Trade","issn_l":"1061-2009","issn":["1061-2009","1540-496X","1558-0938"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Emerging Markets Finance and Trade","raw_type":"journal-article"},{"id":"pmh:oai:repositorio.insper.edu.br:11224/3996","doi":null,"is_oa":false,"landing_page_url":"https://repositorio.insper.edu.br/handle/11224/3996","pdf_url":null,"source":{"id":"https://openalex.org/S4306402641","display_name":"LA Referencia (Red Federada de Repositorios Institucionales de Publicaciones Cient\u00edficas)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4383465926","host_organization_name":"LA Referencia","host_organization_lineage":["https://openalex.org/I4383465926"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"instacron:INSPER","raw_type":"info:eu-repo/semantics/publishedVersion"},{"id":"pmh:oai:RePEc:mes:emfitr:v:49:y:2013:i:s4:p:32-52","doi":null,"is_oa":false,"landing_page_url":"http://mesharpe.metapress.com/link.asp?target=contribution&id=M04501PV811779K7","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"},{"id":"pmh:oai:RePEc:taf:emfitr:v:49:y:2013:i:s4:p:32-52","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.2753/REE1540-496X4905S403","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":"","raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":38,"referenced_works":["https://openalex.org/W44718808","https://openalex.org/W1487219374","https://openalex.org/W1498927610","https://openalex.org/W1498977351","https://openalex.org/W1533481792","https://openalex.org/W1547951121","https://openalex.org/W1567064084","https://openalex.org/W1571963178","https://openalex.org/W1595719476","https://openalex.org/W1985131171","https://openalex.org/W2025610165","https://openalex.org/W2033577290","https://openalex.org/W2050213375","https://openalex.org/W2066882132","https://openalex.org/W2082632802","https://openalex.org/W2096021433","https://openalex.org/W2113168477","https://openalex.org/W2114345969","https://openalex.org/W2124758339","https://openalex.org/W2134181532","https://openalex.org/W2143841915","https://openalex.org/W2157987986","https://openalex.org/W2164367837","https://openalex.org/W2170466606","https://openalex.org/W2612195451","https://openalex.org/W2891248027","https://openalex.org/W2954464373","https://openalex.org/W3021995853","https://openalex.org/W3122858800","https://openalex.org/W3124093388","https://openalex.org/W3124692806","https://openalex.org/W3124834107","https://openalex.org/W3125601827","https://openalex.org/W3151887269","https://openalex.org/W4243408554","https://openalex.org/W4245898425","https://openalex.org/W6884941626","https://openalex.org/W7014183714"],"related_works":["https://openalex.org/W570328828","https://openalex.org/W4301038013","https://openalex.org/W2172350804","https://openalex.org/W7053366783","https://openalex.org/W2048895215","https://openalex.org/W7096568425","https://openalex.org/W2788136523","https://openalex.org/W2107693272","https://openalex.org/W2790341804","https://openalex.org/W2145397128"],"abstract_inverted_index":{"This":[0],"paper":[1],"studies":[2],"whether":[3],"trade":[4,75,89],"credit":[5,13,90],"is":[6,22],"used":[7],"as":[8],"a":[9],"substitute":[10],"for":[11,56],"bank":[12],"in":[14,17],"crisis":[15],"periods":[16],"Latin":[18],"America.":[19],"The":[20,77],"sample":[21],"composed":[23],"of":[24,88],"firms":[25,59,69,79],"listed":[26],"on":[27],"the":[28,40,43,58,61],"Argentine,":[29],"Brazilian,":[30],"and":[31,65],"Mexican":[32,68],"stock":[33],"exchanges":[34],"from":[35],"1994":[36],"to":[37,81],"2009.":[38],"For":[39],"small":[41],"firms,":[42,67],"substitution":[44],"hypothesis":[45,51],"was":[46,52],"not":[47,53,95],"rejected.":[48],"However,":[49],"this":[50],"confirmed":[54],"homogeneously":[55],"all":[57],"during":[60],"crises.":[62],"Unlike":[63],"Brazilian":[64],"Argentine":[66],"use":[70,82,91],"more":[71],"cash":[72],"reserves":[73],"than":[74],"credit.":[76],"big":[78],"tend":[80],"other":[83],"financing":[84],"sources.":[85],"A":[86],"pattern":[87],"by":[92],"sector":[93],"has":[94],"yet":[96],"been":[97],"found.":[98]},"counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":1}],"updated_date":"2026-10-27T15:51:10.671819","created_date":"2016-06-24T00:00:00"}