[Afrifa, G. A., & Gyapong, E. (2017). Net trade credit: What are the determinants? International Journal of Managerial Finance, 13(3), 246-266.10.1108/IJMF-12-2015-0222]Search in Google Scholar
[Alphonse, P., Ducret, J., & Séverin, E. (2006). When trade credit facilitates access to bank finance: Evidence from US small business data. (MFS (Istanbul) Meetings Paper, 1-34).]Search in Google Scholar
[Antoniou A., Guney Y., & Paudyal K. (2008). The determinants of capital structure: Capital market-oriented versus bank-oriented institutions. Journal of Financial and Quantitative Analysis, 43(1), 59-92.10.1017/S0022109000002751]Search in Google Scholar
[Baltagi, B. (2008). Econometric analysis of panel data. Hoboken: John Wiley & Sons.]Search in Google Scholar
[Beck, T., Demirguc-Kunt, A., & Maksimovic, V. (2008). Financing patterns around the world. Are the small firms different?. Journal of Financial Economics, 89(30), 467-487.10.1016/j.jfineco.2007.10.005]Search in Google Scholar
[Bhat, R. (2004). Substitution of trade credit for bank credit: Empirical study of financing behaviour of Indian manufacturing companies using panel data. (IIMA Working Papers No. WP2004-05-08). Indian Institute of Management Ahmedabad, Research and Publication Department.]Search in Google Scholar
[Białek- Jaworska, A., & Nehrebecka, N. (2015). Rola kredytu handlowego w finansowaniu przedsiębiorstw. Gospodarka Narodowa, 5, 33-64.]Search in Google Scholar
[Bougheas, S., Mateut, S., & Mizen, P. (2009). Corporate trade credit and inventories. New evidence of a trade-off from accounts payable and receivable. Journal of Banking and Finance, 33(2), 300-307.]Search in Google Scholar
[Burkart, M., & Ellingsen, T. (2004). In-kind finance: A theory of trade credit. American Economic Review, 94(3), 569-590.10.1257/0002828041464579]Search in Google Scholar
[Cassia, L., & Vismara, S. (2009). Firms’ trade credit and the local level of development of the banking system in Europe. Investment Management and Financial Innovations, 6(4), 46-57.]Search in Google Scholar
[Ciżkowicz-Pękała, M. (2017). Trade credit: A benefit to get, a “must” to give? Motives behind trade credit use in Poland. Financial Internet Quarterly “e-Finance”, 13(4), 54-66.10.1515/fiqf-2016-0035]Search in Google Scholar
[Cunat, V. (2006). Trade credit: Suppliers as debt collectors and insurance providers. The Review of Financial Studies, 20(2), 491-527.10.1093/rfs/hhl015]Search in Google Scholar
[de Bodt, E., Lobez, F., & Statnik, J. C. (2008). Trade credit as a signal of quality. (AFFI/EUROFIDAI, Paris December 2008 Finance International Meeting AFFIEUROFIDAI).10.2139/ssrn.1282114]Search in Google Scholar
[Delannay, A. F., & Weill, L. (2004). The determinants of trade credit in transition countries. Economics of Planning, 37(3-4), 173-193.10.1007/s10644-005-5062-9]Search in Google Scholar
[Demirguc-Kunt, A., & Maksimovic, V. (2001). Firms as financial intermediaries. Evidence from trade credit data. (Policy Research Working Paper No. 2696). The World Bank Development Research Group.]Search in Google Scholar
[Duliniec A. (2017). Motywy decyzji o zadłużeniu przedsiębiorstw. Wyniki badań polskich spółek giełdowych. Finanse, Rynki Finansowe, Ubezpieczenia, 85, 237-247.]Search in Google Scholar
[Ferris, J. S. (1981). A transactions theory of trade credit use. The Quarterly Journal of Economics, 96(2), 243-270.10.2307/1882390]Search in Google Scholar
[Fisman, R. (2001). Trade credit and productive efficiency in developing countries. World Development, 29(2), 311-321.10.1016/S0305-750X(00)00096-6]Search in Google Scholar
[Gaudio del, B. L., Porzio, C., & Verdoliva, V. (2018). Trade credit, SMEs and short-run survivorship: What we know and what we would like to know. Qualitative Research in Financial Markets, 10(4), 346-362.10.1108/QRFM-02-2018-0014]Search in Google Scholar
[Giannetti, M., Burkart, M., & Ellingsen, T. (2011). What you sell is what you lend? Explaining trade credit contracts. Review of Financial Studies, 24(4), 1261-1298.10.1093/rfs/hhn096]Search in Google Scholar
[Huyghebaert, N. (2006). On the determinants and dynamics of trade credit use: Empirical evidence from business start-ups. Journal of Business Finance & Accounting, 33(1-2), 305-328.10.1111/j.1468-5957.2006.001364.x]Search in Google Scholar
[Lee, Y. W., & Stowe, J. D. (1993). Product risk, asymmetric information and trade credit. Journal of Financial and Quantitative Analysis, 28(2), 285-300.10.2307/2331291]Search in Google Scholar
[Love, I., Preve, L. A., & Sarria-Allende, V. (2007). Trade credit and bank credit: Evidence from recent financial crises. Journal of Financial Economics, 83(2), 453-469.10.1016/j.jfineco.2005.11.002]Search in Google Scholar
[Madaleno, M., Bărbuţă-Mişu, N., & Deari, F. (2019). Determinants of net trade credit: A panel VAR approach based on industry. Prague Economic Papers, (3), 330-347.10.18267/j.pep.696]Search in Google Scholar
[Marzec, J., & Pawłowska, M. (2011). Racjonowanie kredytów a substytucja między kredytem kupieckim i bankowym—badania na przykładzie polskich przedsiębiorstw. Warszawa: Narodowy Bank Polski. Departament Edukacji i Wydawnictw.]Search in Google Scholar
[Meltzer, A. H. (1960). Mercantile credit, monetary policy, and size of firms. The Review of Economics and Statistics, 42(4), 429-437.10.2307/1925692]Search in Google Scholar
[Palacín-Sánchez, M. J., Canto-Cuevas, F. J., & di-Pietro, F. (2019). Trade credit versus bank credit: a simultaneous analysis in European SMEs. Small Business Economics, 53(4), 1079-1096.10.1007/s11187-018-0101-x]Search in Google Scholar
[Petersen, M. A., & Rajan, R. G. (1997). Trade credit: Theories and evidence. The Review of Financial Studies, 10(3), 661-691.10.1093/rfs/10.3.661]Search in Google Scholar
[Pepur, S., Kovač, D., & Ćurak, M. (2020). Factors behind trade credit financing of SMEs in Croatia. Zbornik Veleučilišta u Rijeci, 8(1), 59-76.10.31784/zvr.8.1.11]Search in Google Scholar
[Rodríguez-Rodríguez, O. M. (2006). Trade credit in small and medium size firms: An application of the system estimator with panel data. Small Business Economics, 27(2-3), 103-126.10.1007/s11187-006-0017-8]Search in Google Scholar
[Santos, J., & Silva, A. (2014). The determinants of trade credit: A study of Portuguese industrial companies. International Journal of Financial Research, 5, 128-138.10.5430/ijfr.v5n4p128]Search in Google Scholar
[Schwartz, R. A. (1974). An economic model of trade credit. Journal of Financial and Quantitative Analysis, 9(4), 643-657.10.2307/2329765]Search in Google Scholar
[Zawadzka, D. (2009). Determinanty popytu małych przedsiębiorstw na kredyt hand-lowy: identyfikacja i ocena. Poznań: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu.]Search in Google Scholar
[Xu, H., Nguyen, D., & Dao, M. (2021). Pilot CEOs and trade credit. The European Journal of Finance, 27(6), 486-509.10.1080/1351847X.2020.1816560]Search in Google Scholar