Corporate Resilience to Banking Crises: The Roles of Trust and Trade Credit
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Are firms more resilient to systemic banking crises in economies with higher levels of social trust? Using firm-level data in 34 countries from 1990 through 2011, we find that liquidity-dependent firms in high-trust countries obtain more trade credit and suffer smaller drops in profits and
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美国国家经济研究局创建时间：
2016-04-01
