 Can military executives become good business partners? An analysis from a vendor-customer perspectiveXin Zhao, Zhenhua Tan and De Shuai Hou International Review of Financial Analysis, 2023, vol. 90, issue C Abstract: A good business partner is the foundation of stable development. Because of the enterprising quality of soldiers and the increasing number of military executives, the question of whether it can make suppliers feel “secure” and customers “thirsty for milk” in the transaction has aroused widespread concern but has yet to be explored in theory. This study found that enterprises with military executives have lower trade credit because enterprises with military executives will repay the arrears of suppliers and support the downstream customers in time. Even when the cash flow of an enterprise with military executives is not abundant, it will also form trade credit support for downstream customers and maintain timely payment to upstream suppliers. However, when the board size is large, the individual characteristics of military executives will be significantly restricted. The extended study found that the imprinting characteristics of military executives did not change over time. Keywords: Military experience; Trade credit; Business partners; Brand theory (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:90:y:2023:i:c:s1057521923003769 DOI: 10.1016/j.irfa.2023.102860 Access Statistics for this article International Review of Financial Analysis is currently edited by B.M. Lucey More articles in International Review of Financial Analysis from Elsevier |
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