Does media reputation affect properties of accounts payable?

M. Van den Bogaerd, Walter Aerts

    Research output: Contribution to journal › Article › Scientific › peer-review

    Abstract

    We examine economic benefits of a firm's corporate reputation by investigating the association between its media reputation and properties of trade payables in a sample of listed UK firms. Our results document a significant positive association between a firm's overall media reputation and both the level of its trade accounts payable and the number of days of trade credit received, suggesting that a favourable media reputation affects suppliers’ credit risk perception of the firm and facilitates the firm's use of trade credit as a source of finance.
    Original languageEnglish
    Pages (from-to)19-29
    JournalEuropean Management Journal
    Volume33
    Issue number1
    DOIs
    Publication statusPublished - Feb 2015

    Fingerprint

    Trade credit
    Finance
    Risk perception
    Corporate reputation
    Economic benefits
    Suppliers
    Credit risk

    Keywords

    • corporate reputation
    • media reputation
    • trade credit use
    • information asymmetry
    • credit risk

    Cite this

    Van den Bogaerd, M. ; Aerts, Walter. / Does media reputation affect properties of accounts payable?. In: European Management Journal. 2015 ; Vol. 33, No. 1. pp. 19-29.
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    keywords = "corporate reputation, media reputation, trade credit use, information asymmetry, credit risk",
    author = "{Van den Bogaerd}, M. and Walter Aerts",
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    Van den Bogaerd, M & Aerts, W 2015, 'Does media reputation affect properties of accounts payable?', European Management Journal, vol. 33, no. 1, pp. 19-29. https://doi.org/10.1016/j.emj.2014.05.002

    Does media reputation affect properties of accounts payable? / Van den Bogaerd, M.; Aerts, Walter.

    In: European Management Journal, Vol. 33, No. 1, 02.2015, p. 19-29.

    Research output: Contribution to journal › Article › Scientific › peer-review

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    AU - Aerts, Walter

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    AB - We examine economic benefits of a firm's corporate reputation by investigating the association between its media reputation and properties of trade payables in a sample of listed UK firms. Our results document a significant positive association between a firm's overall media reputation and both the level of its trade accounts payable and the number of days of trade credit received, suggesting that a favourable media reputation affects suppliers’ credit risk perception of the firm and facilitates the firm's use of trade credit as a source of finance.

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    KW - trade credit use

    KW - information asymmetry

    KW - credit risk

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    Van den Bogaerd M, Aerts W. Does media reputation affect properties of accounts payable? European Management Journal. 2015 Feb;33(1):19-29. https://doi.org/10.1016/j.emj.2014.05.002

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