In-Kind Finance
A Theory of Trade Credit
Datos Bibliográficos
| ID | 5784635 |
|---|---|
| Autores | Mike Burkart (0000-0002-0954-4499, Stockholm School of Economics), Tore Ellingsen (0000-0001-9501-0137, Stockholm School of Economics) |
| Año | 2004 |
| Volumen | 94 |
| Número | 3 |
| Páginas | 569-590 |
| Fecha de publicación | 2004-05-01 |
| Peer Reviewed | Sí |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | American Economic Review (JOURNAL) |
| Identificadores de la revista | ISSN: 0002-8282 • E-ISSN: 1944-7981 |
| Editorial | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/0002828041464579 |
| OpenAlex | W2605496294 |
| Idioma | EN |
| Citas recibidas | 38 |
| Referencias citadas | 26 |
It is typically less profitable for an opportunistic borrower to divert inputs than to divert cash. Therefore, suppliers may lend more liberally than banks. This simple argument is at the core of our contract theoretic model of trade credit in competitive markets. The model implies that trade credit and bank credit can be either complements or substitutes. Among other things, the model explains why trade credit has short maturity, why trade credit is more prevalent in less developed credit markets, and why accounts payable of large unrated firms are more countercyclical than those of small firms
Accounts payable · Argument (complex analysis · Credit crunch · Credit rationing · Trade Credit · Corporate Finance and Governance · Firm Innovation and Growth · Working Capital and Financial Performance
A more complete conceptual framework for SME finance
Unveiling the connection among customer concentration, trade credit financing, and firm performance
The role of the relationship between planning systems and open accounting records in the hotel systems in terms of the quality of accounting information
Impact of Human Perspective of Intellectual Capital on Trade Credit With Moderating Role of Profitability in Pakistan
Does SME policy enhance the adjustment of trade credit? Evidence from a revision of the Subcontract Act in Japan
Working capital management, financial constraints and exports
Stochastic frontier modelling of working capital efficiency across Europe
Investigating when religious culture increases trade credit
Productivity Shocks and Repayment Behavior in Rural Credit Markets
Credit Chains and Sectoral Comovement
Trade Credit and Taxes
Monetary Policy Shocks and Trade Credit
The choice between bank debt and trade credits in business start-ups
Bank debt and trade credit for SMEs in Europe
Relationship lending and the use of trade credit
Does mobile money enable women-owned businesses to invest? Firm-level evidence from Sub-Saharan Africa
Firm bribery and credit access
Entrepreneurship
The Choice between Bank Debt and Trace Credit in Business Start-ups
Trade credit versus bank credit
Trade Credit in Small and Medium Size Firms
The trade credit channel revisited
Local financial development and the trade credit policy of Italian SMEs
Does trade credit play a signalling role? Some evidence from SMEs microdata
Does mobile money use increase firms’ investment? Evidence from Enterprise Surveys in Kenya, Uganda, and Tanzania
The social benefit of being destructive
Remedying the defects in India's credit and insolvency frameworks with adapted solutions from the Anglo-American legal scholarships
An empirical analysis of the impact of trade credit on bank debt restructuring
Impact of the 2008 financial crisis on corporate trade finance
Trade credit and corporate investment
Employment and firm heterogeneity, capital allocation, and countercyclical labor market policies
Vertical integration and investor protection in developing countries
Informal finance
Competition and inter-firm credit
Payment instruments, finance and development
Informal borrowing sources and uses
Dynamics of Trade Credit in China
Spatial Networks in Trade Credit Between Geographically Close Industrial Small and Medium Enterprises in an Urban Environment
| Obras citantes distintas | 38 |
|---|---|
| Citas por año | 1,9 |
| Intervalo de citas | 2006 - 2026 (21) |
| Velocidad de citación | current |
| Altamente citado | No |
| Tipos de cita | Neutras: 38 |