IDEAS home Printed from
   My bibliography  Save this paper

Redistributional View of Trade Credit Revisited: Evidence from micro data of Japanese small firms


  • OGAWA Kazuo
  • Elmer STERKEN
  • TOKUTSU Ichiro


This paper investigates the redistributional view of trade credit from the demand side, based on a unique micro data of Japanese small firms where information on transactions of intermediate goods between firms of different size is available. The redistributional hypothesis is tested in two steps. In the first step we examine the relationship of customer dependence on bank loans with a higher proportion of purchases from large suppliers. In the second step we examine the effect of a dependence on large suppliers on trade credit. We find evidence supporting the redistributional hypothesis for solvent customers, but not for debt-overhang customers.

Suggested Citation

  • OGAWA Kazuo & Elmer STERKEN & TOKUTSU Ichiro, 2009. "Redistributional View of Trade Credit Revisited: Evidence from micro data of Japanese small firms," Discussion papers 09029, Research Institute of Economy, Trade and Industry (RIETI).
  • Handle: RePEc:eti:dpaper:09029

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    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:eti:dpaper:09029. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (TANIMOTO, Toko). General contact details of provider: .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.