Trade credit, trade income elasticity and the international transmission of shocks

Watson, Anna

doi:10.1007/s40822-021-00178-1

Cited by 4 publications

(1 citation statement)

References 86 publications

(79 reference statements)

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“…With trade credits firms lend to each other. Watson (2021) emphasizes that trade credits are a crucially important sources of short-term financing for firms (Watson 2021). A higher share of trade credits is an even stronger indication of rapidly expanding firms with high financing needs than a high share of short-term loans.…”

Section: Does Financial Strength Affect the Likelihood Of Winning A T...mentioning

confidence: 99%

Firms in (Green) Public Procurement: Financial Strength Indicators’ Impact on Contract Awards and Its Repercussion on Financial Strength

Baum

Kordestani²,

Schaefer

et al. 2021

SSRN Journal

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We examine whether the financial strength of companies, in particular, small and medium-sized enterprises (SMEs) is causally linked to the award of a public procurement contract (PP), especially in the environmentally friendly "green" area (GPP). For this purpose, we build a combined procurement company data set from the Tenders Electronic Daily (TED) and the SME database AMADEUS, which includes ten European countries. First, we apply probit models to investigate whether the probability of winning the public tender depends on the company's financial strength. We then use the Flexpanel DiD approach to investigate the question of whether the award has an impact on the future financial strength of the successful company. On the one hand, we find that a lower equity ratio and a higher short-term debt ratio increase the probability of being successful in a public tender. On the other hand, the success means that the companies can continue to work after the award with a lower equity ratio than comparable companies without an award, regardless of whether the company was successful in a traditional or a "green" public tender. We conclude from this that the success in a PP is a substitute for one's own financial strength and thus facilitates access to external financing. The estimation results differ depending on whether public procurement in general or the sub-group of "green" public procurement is examined.

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Section: Does Financial Strength Affect the Likelihood Of Winning A T...mentioning

confidence: 99%

Firms in (Green) Public Procurement: Financial Strength Indicators’ Impact on Contract Awards and Its Repercussion on Financial Strength

Baum

Kordestani²,

Schaefer

et al. 2021

SSRN Journal

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Trade credit and global value chain: Evidence from cross-country firm-level data

Thang

Ha²

2022

International Economics

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Mechanisms of coordinating hyaluronan and glycosaminoglycan production by nucleotide sugars

Zimmer

Barycki

Simpson

2022

American Journal of Physiology-Cell Physiology

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Hyaluronan is a versatile macromolecule capable of an exceptional range of functions from cushioning and hydration to dynamic signaling in development and disease. Because of its critical roles, hyaluronan production is regulated at multiple levels including epigenetic, transcriptional, and post-translational control of the three hyaluronan synthase (HAS) enzymes. Precursor availability can dictate the rate and amount of hyaluronan synthesized and shed by the cells producing it. However, the nucleotide-activated sugar substrates for hyaluronan synthesis by HAS also participate in exquisitely fine tuned cross talking pathways that intersect with central carbohydrate metabolism. Multiple UDP-sugars have alternative metabolic fates and exhibit coordinated and reciprocal allosteric control of enzymes within their biosynthetic pathways to preserve appropriate precursor ratios for accurate partitioning among downstream products, while also sensing and maintaining energy homeostasis. Since the dysregulation of nucleotide sugar and hyaluronan synthesis is associated with multiple pathologies, these pathways offer opportunities for therapeutic intervention. Recent structures of several key rate-limiting enzymes in the UDP-sugar synthesis pathways have offered new insights to the overall regulation of hyaluronan production by precursor fate decisions. The details of UDP-sugar control and the structural basis for underlying mechanisms are discussed in this review.

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Trade credit, trade income elasticity and the international transmission of shocks

Cited by 4 publications

References 86 publications

Firms in (Green) Public Procurement: Financial Strength Indicators’ Impact on Contract Awards and Its Repercussion on Financial Strength

Firms in (Green) Public Procurement: Financial Strength Indicators’ Impact on Contract Awards and Its Repercussion on Financial Strength

Trade credit and global value chain: Evidence from cross-country firm-level data

Mechanisms of coordinating hyaluronan and glycosaminoglycan production by nucleotide sugars

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