We examine economic benefits of a firm’s corporate reputation by investigating the association between
its media reputation and properties of trade payables in a sample of listed UK firms. Our results document
a significant positive association between a firm’s overall media reputation and both the level of
its trade accounts payable and the number of days of trade credit received, suggesting that a favourable
media reputation affects suppliers’ credit risk perception of the firm and facilitates the firm’s use of trade credit as a source of finance.