Does media reputation affect properties of accounts payable?

Machteld Van den Bogaerd and Walter Aerts

European Management Journal, 2015, vol. 33, issue 1, 19-29

Abstract: We examine economic benefits of a firm's corporate reputation by investigating the association between its media reputation and properties of trade payables in a sample of listed UK firms. Our results document a significant positive association between a firm's overall media reputation and both the level of its trade accounts payable and the number of days of trade credit received, suggesting that a favourable media reputation affects suppliers’ credit risk perception of the firm and facilitates the firm's use of trade credit as a source of finance.

Keywords: Corporate reputation; Media reputation; Trade credit use; Information asymmetry; Credit risk (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:eurman:v:33:y:2015:i:1:p:19-29

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DOI: 10.1016/j.emj.2014.05.002

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