A Concessão De Crédito Comercial E O Financiamento Dos Clientes: Evidência Nas Empresas Portuguesas
Year: 2013
Type: article
Abstract: This study examines the trade credit of Portuguese firms as a means of financing their customers, using a panel data sample. It contributes to the scarce of empirical studies on the reasons for the granting of trade credit, and its usefulness in the financing of their costumers, being particularly interesting in the current context of financing difficulties. Globally, the results indicate that large companies with greater access to capital markets concede trade credit to customers who have greater difficulties in access to institutional funding, supporting the hypothesis of the advantage of non-financial companies. Additionally, these companies use trade credit as a legal means of price discrimination. Finally, we found evidence that firms, regardless of their size, can reduce transaction costs through the use of trade credit.
Source: Revista Universo Contábil
DOI: 10.4270/ruc.2013435
Institution: University of Aveiro
Language: Portuguese
Subfield: Accounting
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W1991369206