Does Trade Credit Channel Operate in Turkey? An Analysis with CBRT Sector Statistics
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Tarih
2019
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Ege Univ, Fac Economics & Admin Sciences
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This paper aims to test trade credit channel in Turkey over the period from 2008 to 2016 using two data sets at sectoral level obtained from the aggregated accounts of Central Bank of the Republic of Turkey (CBRT) statistics. First sample consists of 7 main sectors and other sample involves 12 manufacturing-sub sectors. Dynamic panel data methods were applied to test whether monetary and nonmonetary factors of trade credit had an impact on both gross and net trade credit status. According to analysis results about trade credit received (gross), monetary policy restrictions has increased the trade credit usage of SME sized firm classes. Findings for net trade credit (net) showed that main-sectors medium sized firm groups became net trade credit receiver. These findings confirming substitution hypothesis conclude that trade credit channel has operated with the strongest effects on SME firms.
Açıklama
Anahtar Kelimeler
trade credit channel, trade credit, credit channel
Kaynak
Ege Academic Review
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
19
Sayı
4
