Monetary Policy Shocks and Trade Credit: An Empirical Analysis Using Firm-level Data
Journal of South Asian Development
Published online on May 29, 2026
Abstract
Journal of South Asian Development, Volume 21, Issue 1, Page 31-61, April 2026.
This study explores the presence of the trade credit channel and tests the validity of the pecking order theory (POT) and the market power theory (MPT) of firm capital structure utilizing a dataset of 400 listed non-financial firms in Pakistan. This study ...
This study explores the presence of the trade credit channel and tests the validity of the pecking order theory (POT) and the market power theory (MPT) of firm capital structure utilizing a dataset of 400 listed non-financial firms in Pakistan. This study ...