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Hsiao-Hui Lee

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Open access Aug 2026

EXPRESS: The Hidden World of Trade Credit: The Flexibility Role of Late Payments

Trade credit is a dominant source of short-term financing in supply chains, yet little is known about how firms repay trade credit in practice because data on realized payment timing are rarely available. Using a unique dataset from Dun & Bradstreet that contains supplier-reported late payment records, we examine how f...

Jing Wu, Hsiao-Hui Lee, J. Birge · 0 citations

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