Do the trade credit influence firm performance in agro-industry? Evidence from Thailand.

Umawadee Detthamrong, Wirapong Chansanam

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Article in Heliyon, 2023. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 1 paper.

0numbers the graph read from it

0cells of the map it votes in

1citing papers in PubMed

–field-weighted citation impact

1 · What the graph read from it

What it found

Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.

The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.

2 · The registry

The trial behind it

Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.

Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.

3 · Its place in the literature

Who cites it

1 citing paper in PubMed.

A clean road to international trade: Environmental regulations and the cleanliness of export enterprises.Heliyon · 2023
Article

4 · The record

Corrections and comments

PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.

5 · Who and what money

Authors and funding

2 authors.

Umawadee DetthamrongDepartment of Business and Innovation Management, Faculty of Business Administration, Chaiyaphum Rajabhat University, Chaiyaphum, Thailand.

Wirapong ChansanamDepartment of Information Science, Faculty of Humanities and Social Sciences, Khon Kaen University, Khon Kaen, Thailand.

Funding

No grant is acknowledged in the PubMed record.

6 · The paper itself

Abstract

This paper aims to examine the relationship between trade credit and corporate performance. Empirical evidence on the impact of trade credit investment on firm performance remains unclear. For agro firms, the implications of this relationship have not been thoroughly discussed. Using a panel sample consisting of publicly listed agro firms in Thailand for 2001-2020. The sample set consists of 51 Thai-listed firms with 708 firm-year observations. We employ panel ordinary least squares (OLS) regressions and GMM regressions to obtain the estimation results. We find that going to invest in trade credit increases operating performance significantly, which is what the commercial, financing, and transaction theories of trade credit predicted would happen. Furthermore, cost-benefit analysis should serve as a guide for firms' trade credit investment decisions. In particular, firms should be aware of the extra cost of trade credit investment and weigh it against the benefits of improved performance.

Indexed as

Agro firmsCorporate performanceFSIZE, Firm sizeGDP, economic growthGMM, generalized method of momentsLEV, Financial leverageLQD, liquidityOLS, ordinary least squaresROA, Return on AssetsROE, Return on EquitySGR, sales growthSMEs, small and medium-sized enterprisesTC2, The square of trade creditTC, Trade creditThailandTrade creditTrade credit investment

Identifiers

PMID36950577

DOI10.1016/j.heliyon.2023.e14561

PMCPMC10025902

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