Nicht lieferbar
Analysis of the effect of financial distress on trade credit - Bitter, Markus
Schade – dieser Artikel ist leider ausverkauft. Sobald wir wissen, ob und wann der Artikel wieder verfügbar ist, informieren wir Sie an dieser Stelle.
  • Broschiertes Buch

Trade credit financing can entail several advantages such as stimulating sales and investments as well as the possibility of reducing information asymmetries. However, it also involves some risks and costs caused by financial distress and default. The literature shows that trade credit provides relatively more financing when alternative sources like bank credit are exhausted. By the use of panel data from European Monetary Union firms over a period of eleven years, it is shown that financially distressed European Monetary Union firms substitute equity with trade credit but that they…mehr

Andere Kunden interessierten sich auch für
Produktbeschreibung
Trade credit financing can entail several advantages such as stimulating sales and investments as well as the possibility of reducing information asymmetries. However, it also involves some risks and costs caused by financial distress and default. The literature shows that trade credit provides relatively more financing when alternative sources like bank credit are exhausted. By the use of panel data from European Monetary Union firms over a period of eleven years, it is shown that financially distressed European Monetary Union firms substitute equity with trade credit but that they surprisingly reduce trade credit compared to long term debt. Furthermore, the results suggest that large and small firms use more trade credit during financial distress but there is no clear tendency whether smaller firms use more than larger ones.
Autorenporträt
Markus Bitter graduated with a Master (Mag.) in International Business Administration from the University of Vienna where he specialised in Management Accounting and Corporate Finance.