Government contracts and trade credit: The mediating role of financial and institutional constraints

This paper studies the effect of government contracts on trade credit by using a crosscountry firm-level data from the Enterprise Surveys of the World Bank with 10,200 observations. We apply the instrumental variable to take into account the endogeneity problem caused by the simultaneous relationship between government contracts and trade credit.
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Government contracts and trade credit: The mediating role of financial and institutional constraints