References of "Pisa, Magdalena 50002866"
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See detailFinanzierungskonditionen für KMU verschlechtern sich
Wolff, Christian UL; Pisa, Magdalena UL

Article for general public (2016)

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See detailRipples of risk
Wolff, Christian UL; Pisa, Magdalena UL

in VoxEU.org (2016)

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See detailCredit risk characteristics of US small business portfolios
Wolff, Christian UL; Pisa, Magdalena UL

Scientific Conference (2016)

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See detailTrade Credit and firm Comovements
Pisa, Magdalena UL; Bos, Jaap; Bams, Dennis

E-print/Working paper (2015)

This paper provides evidence that production linkages, as well as credit chains (represented by trade credit), are important for the transmission of idiosyncratic (firm-level) shocks across firms in the ... [more ▼]

This paper provides evidence that production linkages, as well as credit chains (represented by trade credit), are important for the transmission of idiosyncratic (firm-level) shocks across firms in the economy. We build on the idea that trade credit develops along production linkages, and amplifies the idiosyncratic shock as firms may lack inputs and also liquidity. Using disaggregated firm-level data we show that the disturbance of customer's sales increases with greater trade credit linkage. We show that during a recession the existence of trade credit linkage propagates shocks upstream, from a supplier onto its upstream customer. In these periods, firms are short of liquidity and are unable to withstand a drop in trade credit provision. In good times, however, trade credit plays a stabilizing role, reducing the volatility of firms' sales. In these periods, firms with sufficient liquidity are able to transfer some of it to liquidity-starved production partners in order to guarantee their own stable production. [less ▲]

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See detailRipple Effects from Industry Defaults
Bams, Dennis; Pisa, Magdalena UL; Wolff, Christian UL

E-print/Working paper (2014)

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See detailModeling default correlation in a US retail loan portfolio
Pisa, Magdalena UL

Presentation (2013)

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See detailModeling default correlation in a US retail loan portfolio
Pisa, Magdalena UL

Presentation (2013)

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See detailModeling default correlation in a US retail loan portfolio
Pisa, Magdalena UL

Presentation (2013)

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See detailDiscussion: Covenant Violations and Dynamic Loan Contracting
Pisa, Magdalena UL

Diverse speeches and writings (2013)

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See detailModeling default correlation in a US retail loan portfolio
Pisa, Magdalena UL

Poster (2013)

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See detailRipple effects from industry defaults
Pisa, Magdalena UL

Poster (2013)

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See detailModeling default correlation in a US retail loan portfolio
Pisa, Magdalena UL

Presentation (2012)

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See detailDiscussion: Early warning systems for currency crises: A multivariate extreme value approach
Pisa, Magdalena UL

Diverse speeches and writings (2012)

Detailed reference viewed: 64 (7 UL)
See detailModeling default correlation in a US retail loan portfolio
Pisa, Magdalena UL

Presentation (2012)

Detailed reference viewed: 17 (6 UL)
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See detailModeling default correlation in a US retail loan portfolio
Pisa, Magdalena UL; Wolff, Christian UL; Bams, Dennis

E-print/Working paper (2012)

Detailed reference viewed: 47 (1 UL)