The effect of enterprise risk management on the supply and demand of commercial credit

اقتصاد پولی مالی

Volume 31, Issue 2 - Serial Number 28, September 2025

Document Type: Original Article

DOI: 10.22067/mfe.2024.85428.1355

Authors

Abdonaser Derakhsan¹; Farshid Ahmadi Farsani^{* 2}; Alireza Abroud³

¹Department of Management, Iranshahr Province University, Sistan and Baluchistan, Iran.

²Department of Accounting, Payame Noor University, Tehran, Iran

³Department of Management, Payam Noor University, Tehran, Iran.

Abstract

Commercial credit is the most important source of short-term financing for companies and commercial enterprises. Commercial credit is one of the methods by which companies provide financing for short-term periods. The purpose of this study is to investigate the impact of enterprise risk management on the supply and demand of commercial credit. Enterprise risk management has been used by Gourdon's comprehensive method (2009) and business credit by two methods of receiving and paying to measure it. The statistical population of the research is the companies admitted to the Tehran Stock Exchange in the period of 2013 to 2022, and by using the systematic elimination screening method, 136 companies have been considered as the final sample of the research. In the current research, Eviuz 12 software was used to test the research hypotheses. The results of the regression test showed that risk management directly affects the demand for commercial credit. But it does not affect the supply of commercial credit. Therefore, by controlling the risks facing the company, it is possible to obtain higher financing through commercial credit and reduce the need to keep cash in purchases.

Keywords

supply and demand of commercial credit; risk management; credit financing; Tehran Stock Exchange

References