One of the most celebrated features of modern manufacturing is the newfound capacity for information sharing between firms. Manufacturing guides suggest that buyer-seller communication can help firms achieve more efficient production and trading decisions (Schonberger (1986)), as long as the trading firms truthfully report to one another. In this paper, we study the incentives for firms to stra...

Abstract This paper focuses on the use of bank debt by private family firms and whether it is higher for first generations businesses than their descendants subsequent generations. We a unique hand‐collected data set 4,041 Spanish years 2004 to 2013. find statistical evidence that family‐controlled make greater credit. Moreover, we show first‐generation acquire more those second Furthermore, du...

Following the deregulation policies implemented by the Chinese government in 2001, foreign banks were allowed to enter the Chinese banking market gradually, in different years in different cities. As a result, from 2001 to 2006 firms in different cities had differential access to foreign bank credit. Using an extensive firm-level dataset from the manufacturing census in China, this paper studie...