skip to content
Do trade creditors possess private information?  : Stock returns evidence Preview this item
ClosePreview this item
Checking...

Do trade creditors possess private information? : Stock returns evidence

Author: David Hirshleifer; Yifan Li; Ben Lourie; Thomas Ruchti; National Bureau of Economic Research,
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2019.
Series: Working paper series (National Bureau of Economic Research), no. 25553.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Theories of customer supplier relationships hold that the private information of suppliers about buyers explains the use of trade credit even when there is a competitive banking sector. If suppliers possess private information about their buyers, then the buyer's order size and ability to pay on time should reflect that information. Using a novel dataset of trade credit relationships, we test whether suppliers have  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy online

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: David Hirshleifer; Yifan Li; Ben Lourie; Thomas Ruchti; National Bureau of Economic Research,
OCLC Number: 1088238859
Notes: "February 2019"
Description: 1 online resource (48 pages).
Series Title: Working paper series (National Bureau of Economic Research), no. 25553.
Responsibility: David Hirshleifer, Yifan Li, Ben Lourie, Thomas Ruchti.

Abstract:

Theories of customer supplier relationships hold that the private information of suppliers about buyers explains the use of trade credit even when there is a competitive banking sector. If suppliers possess private information about their buyers, then the buyer's order size and ability to pay on time should reflect that information. Using a novel dataset of trade credit relationships, we test whether suppliers have private information about their buyers. Consistent with suppliers possessing private information, we find that the amount of trade credit that a supplier offers to a buyer and the ability of the buyer to pay the trade credit on time are both associated with future buyer abnormal stock returns.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/1088238859> # Do trade creditors possess private information? : Stock returns evidence
    a schema:Book, schema:CreativeWork, schema:MediaObject ;
    library:oclcnum "1088238859" ;
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
    schema:about <http://experiment.worldcat.org/entity/work/data/8941758467#Topic/confidential_business_information> ; # Confidential business information
    schema:about <http://experiment.worldcat.org/entity/work/data/8941758467#Topic/industrial_procurement_management> ; # Industrial procurement--Management
    schema:about <http://experiment.worldcat.org/entity/work/data/8941758467#Topic/commercial_credit_management> ; # Commercial credit--Management
    schema:about <http://experiment.worldcat.org/entity/work/data/8941758467#Topic/debtor_and_creditor> ; # Debtor and creditor
    schema:author <http://experiment.worldcat.org/entity/work/data/8941758467#Person/hirshleifer_david_1958> ; # David Hirshleifer
    schema:author <http://experiment.worldcat.org/entity/work/data/8941758467#Person/ruchti_thomas> ; # Thomas Ruchti
    schema:author <http://experiment.worldcat.org/entity/work/data/8941758467#Person/lourie_ben> ; # Ben Lourie
    schema:author <http://experiment.worldcat.org/entity/work/data/8941758467#Person/li_yifan> ; # Yifan Li
    schema:bookFormat schema:EBook ;
    schema:datePublished "2019" ;
    schema:description "Theories of customer supplier relationships hold that the private information of suppliers about buyers explains the use of trade credit even when there is a competitive banking sector. If suppliers possess private information about their buyers, then the buyer's order size and ability to pay on time should reflect that information. Using a novel dataset of trade credit relationships, we test whether suppliers have private information about their buyers. Consistent with suppliers possessing private information, we find that the amount of trade credit that a supplier offers to a buyer and the ability of the buyer to pay the trade credit on time are both associated with future buyer abnormal stock returns."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/8941758467> ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/8941758467#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/8941758467#Series/nber_working_paper_series> ; # NBER working paper series ;
    schema:name "Do trade creditors possess private information? : Stock returns evidence"@en ;
    schema:productID "1088238859" ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/8941758467#Organization/national_bureau_of_economic_research> ; # National Bureau of Economic Research,
    schema:url <http://www.nber.org/papers/w25553> ;
    schema:url <http://papers.nber.org/papers/25553> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/1088238859> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/8941758467#Organization/national_bureau_of_economic_research> # National Bureau of Economic Research,
    a schema:Organization ;
    schema:name "National Bureau of Economic Research," ;
    .

<http://experiment.worldcat.org/entity/work/data/8941758467#Person/hirshleifer_david_1958> # David Hirshleifer
    a schema:Person ;
    schema:birthDate "1958" ;
    schema:familyName "Hirshleifer" ;
    schema:givenName "David" ;
    schema:name "David Hirshleifer" ;
    .

<http://experiment.worldcat.org/entity/work/data/8941758467#Person/lourie_ben> # Ben Lourie
    a schema:Person ;
    schema:familyName "Lourie" ;
    schema:givenName "Ben" ;
    schema:name "Ben Lourie" ;
    .

<http://experiment.worldcat.org/entity/work/data/8941758467#Person/ruchti_thomas> # Thomas Ruchti
    a schema:Person ;
    schema:familyName "Ruchti" ;
    schema:givenName "Thomas" ;
    schema:name "Thomas Ruchti" ;
    .

<http://experiment.worldcat.org/entity/work/data/8941758467#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1088238859> ; # Do trade creditors possess private information? : Stock returns evidence
    schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/8941758467#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/1088238859> ; # Do trade creditors possess private information? : Stock returns evidence
    schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/8941758467#Topic/commercial_credit_management> # Commercial credit--Management
    a schema:Intangible ;
    schema:name "Commercial credit--Management"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/8941758467#Topic/confidential_business_information> # Confidential business information
    a schema:Intangible ;
    schema:name "Confidential business information"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/8941758467#Topic/debtor_and_creditor> # Debtor and creditor
    a schema:Intangible ;
    schema:name "Debtor and creditor"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/8941758467#Topic/industrial_procurement_management> # Industrial procurement--Management
    a schema:Intangible ;
    schema:name "Industrial procurement--Management"@en ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.