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Determinants of access to trade credit for small and medium sized enterprises in Turkey after the 2008 global crisis

Kartal Demirgunes
2016 Pressacademia  

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This study aims to find out the determinants of access to trade credit for SMEs operating in Turkey after the 2008 Global Cri sis. Firstly, theoretical framework on the concept of trade credit is given; and then the effects of the 2008 Global Crisis on access to trade credit for SMEs in Turkey are discussed widely. Following the literature review; Levin-Lin-Chu (LLC), Im-Pesaran-Shin (IPS) and Augmented Dickey Fuller (ADF) Fisher panel unit root tests, and Pedroni (1999) and Kao (1999) panel
more » ... integration tests are used in the econometric analyses. Long term co-integration coefficients estimated by FMOLS methodology proposed by Pedroni (2000) show that there exists a statistically significant and positive relationship between access to trade credit and profitability. However, age, size and cash flow generating capability (of the company) affect (its) access to trade credit negatively.
doi:10.17261/pressacademia.2016.343 fatcat:fk2zsh62obcgfn536kjbl65p5m
Citation

Kartal Demirgunes. "Determinants of access to trade credit for small and medium sized enterprises in Turkey after the 2008 global crisis." Pressacademia 3.4 (2016) 266-266