Does cultural diversity affect trade credit provision?

IF 5.3 2区经济学 Q1 BUSINESS, FINANCE

Pacific-Basin Finance Journal Pub Date : 2025-09-26 DOI:10.1016/j.pacfin.2025.102952

Liang Ma, Yuetang Wang, Yuan Yuan

引用次数: 0

Abstract

This study demonstrates that cultural diversity promotes the trade credit provision in China. The main findings remain robust across various measures of trade credit provision and after addressing potential endogeneity concerns. Mechanism analysis reveals that cultural diversity enhances trade credit provision by improving the stability of customer relationships within supply chains and alleviating financing constraints. The impact of cultural diversity on trade credit provision is particularly significant for firms in non-Mandarin-speaking regions, coastal areas, and non-state-owned enterprises. Overall, the results align with the financial theory of trade credit.

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文化多样性是否影响贸易信贷供应？

研究表明，文化多样性促进了中国贸易信贷的提供。在解决了潜在的内生性问题后，在各种贸易信贷提供措施中，主要发现仍然强劲。机制分析表明，文化多样性通过提高供应链内客户关系的稳定性和缓解融资约束来促进贸易信贷提供。文化多样性对贸易信贷提供的影响对于非普通话地区、沿海地区和非国有企业尤为显著。总体而言，研究结果与贸易信贷的金融理论相一致。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Pacific-Basin Finance Journal BUSINESS, FINANCE-

CiteScore

6.80

自引率

6.50%

发文量

157

期刊介绍： The Pacific-Basin Finance Journal is aimed at providing a specialized forum for the publication of academic research on capital markets of the Asia-Pacific countries. Primary emphasis will be placed on the highest quality empirical and theoretical research in the following areas: • Market Micro-structure; • Investment and Portfolio Management; • Theories of Market Equilibrium; • Valuation of Financial and Real Assets; • Behavior of Asset Prices in Financial Sectors; • Normative Theory of Financial Management; • Capital Markets of Development; • Market Mechanisms.