IDEAS home Printed from https://ideas.repec.org/a/spr/rvmgts/v19y2025i8d10.1007_s11846-024-00821-6.html
   My bibliography  Save this article

Trade credit and family control

Author

Listed:
  • Nieves Lidia Díaz-Díaz

    (University of Las Palmas de Gran Canaria)

  • Pedro J. García-Teruel

    (University of Murcia)

  • Pedro Martínez-Solano

    (University of Murcia)

Abstract

This paper analyses whether trade credit strategies depend on the family identity of the controlling shareholder. We use a sample of 4,022 private Spanish firms for the years 2004 and 2013 and examine family firm heterogeneity by analysing different thresholds of control, involvement in management and firm identification with the family name. The results reveal that family firms have more restrictive trade credit strategies than non-family firms. Moreover, among family-controlled firms, those with the strongest identification between the family shareholders and their firms are the most restrictive. However, family-controlled firms reduced trade credit less after the financial crisis of 2008. These firms supported their customers by limiting the impact of liquidity shocks during the crisis.

Suggested Citation

  • Nieves Lidia Díaz-Díaz & Pedro J. García-Teruel & Pedro Martínez-Solano, 2025. "Trade credit and family control," Review of Managerial Science, Springer, vol. 19(8), pages 2529-2568, August.
    • Handle: RePEc:spr:rvmgts:v:19:y:2025:i:8:d:10.1007_s11846-024-00821-6
    DOI: 10.1007/s11846-024-00821-6
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11846-024-00821-6
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s11846-024-00821-6?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:rvmgts:v:19:y:2025:i:8:d:10.1007_s11846-024-00821-6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.