Does media reputation affect properties of accounts payable?

M. Van den Bogaerd, Walter Aerts

    Research output: Contribution to journalArticleScientificpeer-review

    17 Citations (Scopus)

    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

    Keywords

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

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