International competition laws and trade credit financing

Adelaide Dak-Adzaklo

Economics Letters, 2025, vol. 247, issue C

Abstract: Using a novel dataset of country-level competition laws across 34 countries, I examine and find a significant positive impact of competition laws on the access and provision of trade credit financing. A wide variety of robustness tests corroborate. In cross-sectional analysis, I find that the effect of competition laws on trade credit is stronger for financially constrained firms, and firms in countries with poorer institutional environments. My finding has important implications for both research and practice.

Keywords: Competition laws; Trade credit financing; Financial constraints; Institutional quality (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:247:y:2025:i:c:s0165176524005810

DOI: 10.1016/j.econlet.2024.112097

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