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Cited by 967

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

In-Kind Finance: A Theory of Trade Credit

Open access
Burkart, Mike, Ellingsen, Tore·2004·American Economic Review
DOI 10.1257/0002828041464579
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Abstract

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.

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Crossref · 10.1257/0002828041464579

Cites

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Metadata

Authors
Burkart, M., & Ellingsen, T.
Venue
American Economic Review
Publisher
American Economic Association
Published
2004-05-01
Volume
94
Issue
3
Pages
569-590
ISSN
0002-8282 (ISSN-L)
DOI
10.1257/0002828041464579
OpenAlex
W2605496294
Cited by
967
References
2
FWCI
55.56
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: In-Kind Finance: A Theory of Trade Credit. https://app.cochat.ai/papers/10.1257/0002828041464579
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Burkart, M., & Ellingsen, T. (2004). In-Kind Finance: A Theory of Trade Credit. American Economic Review. https://doi.org/10.1257/0002828041464579

Data sources

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.