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How to speed up the payment of public contracts and relieve struggling firms during Covid

Bosio, Erica, Polo, Greta and Sharma, Vinay (2021) How to speed up the payment of public contracts and relieve struggling firms during Covid. LSE Business Review (04 Jan 2021). Blog Entry.

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Abstract

During the COVID crisis, governments around the world have been wondering how to expediently put money in the hands of millions of struggling firms. In an earlier post, we have suggested that one possible way to achieve this goal is for governments to timely pay all receipts due. Paying the private sector on time for work already done is not just about having cash on hand. It also prevents companies from taking up further debt in order to survive. The evidence is clear: the faster the government pays its dues, the fewer firms need a loan.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2021 The Author(s)
Divisions: LSE
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited: 01 Mar 2021 10:57
Last Modified: 17 Jul 2021 23:03
URI: http://eprints.lse.ac.uk/id/eprint/108708

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