COVID-19 pandemic and corporate liquidity: The role of SOEs’ trade credit response

Journal of International Money and Finance（2023）

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摘要

•We identify a trade credit channel through which SOEs could stabilize the economy.•Better financing ability and multitask of SOEs are two potential mechanisms through which SOEs could provide more trade credit to downstream firms relative to non-SOEs after the outbreak of COVID-19.•The multitask mechanism is more important to motivate SOEs to provide trade credit.

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