The Determinants of Trade Credit in Transition Countries
The Determinants of Trade Credit in Transition Countries
复制标题
转型国家贸易信贷的决定因素
DOI：
10.1007/s10644-005-5062-9
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发表时间：
2004
期刊：
影响因子：
--
通讯作者：
L. Weill
中科院分区：
文献类型：
--
作者：
A. Delannay;L. Weill
本文研究了转型国家贸易信用的决定因素。传统的商业信贷理论认为，金融和商业动机都可能促使非金融公司承担金融中介的角色。此外，转型期国家公司融资的具体条件可能使贸易信贷在金融结构中发挥重要作用。我们测试的应收账款和应付账款的样本约9300公司来自9个中欧和东欧国家的决定因素。研究结果表明，金融和商业动机解释企业的信贷行为。然而，我们并没有发现在所有转型期国家使用贸易信贷的普遍模式。
The paper investigates the determinants of trade credit in transition countries. Traditional theories of trade credit extension suggest that both financial and commercial motives may induce non-financial companies to assume a role of financial intermediation. Furthermore, specific conditions of financing for companies in transition countries may reserve to trade credit an important role in financial structure. We test the determinants of accounts receivable and accounts payable on a sample of about 9300 companies from nine Central and Eastern European Countries. Results suggest that both financial and commercial motives explain the credit behaviour of firms. However, we do not find generalised patterns in the use of trade credit among all transition countries.
影响因子：
2.9
作者：
Masanori Ono
通讯作者：
Masanori Ono