Short-term financing sources in Africa: Substitutes or complements?

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Short-term financing sources in Africa: Substitutes or complements?

Using panel vector autocorrelation models (Panel VaR), we examine the dynamic interrelationships between short-term financing sources for a large sample of 8,464 firm-year observations from seven understudied developing economies over the period 1991-2015. On average, we find that short-term debt an...

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Bibliographic Details
Main Authors:	Machokoto, Michael, Mahonye, Nyasha, Makate, Marshall
Format:	Journal Article
Language:	English
Published:	Elsevier 2021
Subjects:	Social Sciences Business, Finance Business & Economics Short-term finance Africa Cash holdings Trade credit Short-term debt Financial crisis Emerging markets CORPORATE CASH HOLDINGS TRADE CREDIT CAPITAL STRUCTURE FLOW SENSITIVITY MONETARY-POLICY ZERO-LEVERAGE BANK CREDIT PANEL-DATA FIRMS DEBT
Online Access:	http://hdl.handle.net/20.500.11937/92264

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