Trade Credit Contracts

This paper provides new evidence on the unique role of trade credit and contracting terms as a way for both sellers and buyers to mange business risk. The authors use a novel and unique dataset on almost 30,000 supplier contracts for 56 large buyer...

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Bibliographic Details
Main Authors:	Klapper, Leora, Laeven, Luc, Rajan, Raghuram
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCESS TO CREDIT ACCESS TO FINANCING ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE ACCOUNTS RECEIVABLES AFFILIATED ORGANIZATIONS ALTERNATIVE FINANCING ASYMMETRIC INFORMATION BALANCE SHEET BANK ACCOUNT BANK CREDIT BARGAINING POWER BILATERAL CONTRACT BOND BONDS BORROWING BORROWING COSTS BUSINESS RISK CAPITAL STRUCTURE CENTRAL BANK COLLATERAL COMPETITIVENESS CREDIT CONSTRAINED FIRMS CREDIT CONTRACT CREDIT CONTRACTS CREDIT COSTS CREDIT DEFAULTS CREDIT MARKET CREDIT PROVISION CREDIT RATIONING CREDIT RELATIONSHIPS CREDIT TERMS CREDITWORTHINESS CURRENCY CUSTOMER RELATIONSHIPS DEBT DEBT COLLECTORS DEBT MATURITY DEFAULT RISK DEPENDENT DEVELOPING COUNTRIES DISCOUNT RATE DISCRIMINATION DUMMY VARIABLE EXPLOITATION EXTERNAL FINANCING FEDERAL RESERVE FINANCIAL CRISES FINANCIAL DISTRESS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL INTERMEDIARY FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SHOCKS FINANCIAL STUDIES FINANCIERS FINANCING CONSTRAINTS FINANCING COSTS FIXED COSTS FOREIGN COURTS INFORMAL CREDIT INFORMATION ASYMMETRIES INFORMATIONAL ASYMMETRIES INFORMATIONAL ASYMMETRY INSURANCE INTEREST RATE INTERNATIONAL BANK INTERNATIONAL FIRMS INVENTORY INVENTORY MANAGEMENT JURISDICTIONS LARGE FIRMS LIQUIDITY LOCAL BANK MARKET COMPETITION MARKET POWER MATURITIES MATURITY MERCHANDISE MERCHANDISE TRADE MONETARY FUND MULTINATIONAL MULTINATIONAL FIRMS NONPAYMENT PAYMENT TERMS PERISHABLE GOODS PREPAYMENT PRICE DISCRIMINATION PRODUCT QUALITY PROMPT PAYMENTS PROPRIETARY INFORMATION PURCHASING RETAIL RETAIL INDUSTRY RETAILING RISK MANAGEMENT RISK MANAGEMENT TOOL SALES SHORT-TERM FINANCING SMALL BUSINESS SMALL BUSINESS FINANCING SPREAD SUPPLIER SUPPLIERS SUPPLY CHAIN TOTAL SALES TRADE CREDIT TRANSACTION TURNOVER WORKING CAPITAL
Online Access:	http://hdl.handle.net/10986/3813

Internet

http://hdl.handle.net/10986/3813

Trade Credit Contracts

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