The DOI matches its Crossref record; 47 of the 47 references it cites were found in a registry or an index.
What You Sell Is What You Lend? Explaining Trade Credit Contracts
Open accessAbstract
We relate trade credit to product characteristics and aspects of bank-firm relationships and document three main empirical regularities. First, the use of trade credit is associated with the nature of the transacted good. In particular, suppliers of differentiated products and services have larger accounts receivable than suppliers of standardized goods and firms buying more services receive cheaper trade credit for longer periods. Second, firms receiving trade credit secure financing from relatively uninformed banks. Third, a majority of firms in our sample appears to receive trade credit at low cost. Additionally, firms that are more creditworthy and have some buyer market power receive larger early payment discounts.
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Cites
What Do We Know about Capital Structure? Some Evidence from International Data
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Networks versus markets in international trade
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Trade Credit: Theories and Evidence
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Cited by
Trade Credit, Risk Sharing, and Inventory Financing Portfolios
Yang, S. A., & Birge, J. R. (2018) · Management Science · doi:10.1287/mnsc.2017.2799 · Cited by 561
A review of trade credit literature: Opportunities for research in operations
Seifert, D., Seifert, R. W., & Protopappa-Sieke, M. (2013) · European Journal of Operational Research · doi:10.1016/j.ejor.2013.03.016 · Cited by 386
Who Should Finance the Supply Chain? Impact of Credit Ratings on Supply Chain Decisions
Kouvelis, P., & Zhao, W. (2018) · Manufacturing & Service Operations Management · doi:10.1287/msom.2017.0669 · Cited by 322
Poultry in Motion: A Study of International Trade Finance Practices
Antràs, P., & Foley, C. F. (2015) · Journal of Political Economy · doi:10.1086/681592 · Cited by 312
Trade Credit, Relationship-specific Investment, and Product Market Power
Dass, N., Kale, J. R., & Nanda, V. (2015) · Review of Finance · doi:10.1093/rof/rfu038 · Cited by 303
Metadata
- Authors
- Giannetti, M., Burkart, M., & Ellingsen, T.
- Venue
- Review of Financial Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2008-11-24
- Volume
- 24
- Issue
- 4
- Pages
- 1261-1298
- ISSN
- 0893-9454 (ISSN-L)
- 1465-7368
- OpenAlex
- W3122781793
- Cited by
- 938
- References
- 47
- FWCI
- 76.78
- Type
- journal article
- Language
- en
- Open access
- bronze
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.