文献类型：期刊文献

英文题名：How does supplier concentration affect firm trade credit

作者：Li, Chunling[1];Luan, Diandong

第一作者：李春玲

通讯作者：Li, CL[1]

机构：[1]Beijing Union Univ, Business Coll, Beijing 100025, Peoples R China; Jingding Engn & Construct Co Ltd, Beijing 100011, Peoples R China

第一机构：北京联合大学商务学院

通讯机构：[1]corresponding author), Beijing Union Univ, Business Coll, Beijing 100025, Peoples R China.|[1141721]北京联合大学商务学院;[11417]北京联合大学;

年份：2025

卷号：86

外文期刊名：FINANCE RESEARCH LETTERS

收录：;Scopus(收录号：2-s2.0-105015883235);WOS:【SSCI(收录号:WOS:001573294400001)】；

语种：英文

外文关键词：Supplier concentration; Trade credit; Default risk; Diversification

摘要：Trade credit reflects a crucial source of firm short-term financing that can increase cash flow. We gauge the effect of supplier concentration on trade credit of firms. Grounded in a comprehensive panel of publicly traded Chinese enterprises from 2015 to 2024, this paper provides robust evidence that supplier concentration hugely lowers the scale of firm trade credit. This relation is stronger among enterprises with great financial constraints and in highly competitive industries. Further study uncovers that the cost of alternative financing and bargaining power are the underlying mechanisms. Overall, this study greatly adds to the evolving research on supply chains.