Customer financing, bargaining power and trade credit uptake
We investigate the impact of well-established trade credit theories on different parts of the distribution of trade credit taken by firms. Our results suggest that the trade credit – bank loans substitution increases at the higher trade credit quantiles and is stronger for larger firms (financing th...
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| Format: | Article |
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Elsevier
2018
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| Online Access: | https://eprints.nottingham.ac.uk/52751/ |
| _version_ | 1848798800845471744 |
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| author | Mateut, Simona Chevapatrakul, Thanaset |
| author_facet | Mateut, Simona Chevapatrakul, Thanaset |
| author_sort | Mateut, Simona |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | We investigate the impact of well-established trade credit theories on different parts of the distribution of trade credit taken by firms. Our results suggest that the trade credit – bank loans substitution increases at the higher trade credit quantiles and is stronger for larger firms (financing theory). Firms with high market shares operating in less concentrated industries have higher account payables to assets ratios (bargaining power theory). While the customer bargaining power motive strengthens up to the 70th quantile and prevails in industries independent from external finance, financing reasons play the main role especially at the higher trade credit quantiles. |
| first_indexed | 2025-11-14T20:25:32Z |
| format | Article |
| id | nottingham-52751 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T20:25:32Z |
| publishDate | 2018 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-527512020-05-04T19:45:30Z https://eprints.nottingham.ac.uk/52751/ Customer financing, bargaining power and trade credit uptake Mateut, Simona Chevapatrakul, Thanaset We investigate the impact of well-established trade credit theories on different parts of the distribution of trade credit taken by firms. Our results suggest that the trade credit – bank loans substitution increases at the higher trade credit quantiles and is stronger for larger firms (financing theory). Firms with high market shares operating in less concentrated industries have higher account payables to assets ratios (bargaining power theory). While the customer bargaining power motive strengthens up to the 70th quantile and prevails in industries independent from external finance, financing reasons play the main role especially at the higher trade credit quantiles. Elsevier 2018-07-06 Article PeerReviewed Mateut, Simona and Chevapatrakul, Thanaset (2018) Customer financing, bargaining power and trade credit uptake. International Review of Financial Analysis . ISSN 1057-5219 trade credit; bargaining power; panel quantile regression https://www.sciencedirect.com/science/article/pii/S1057521918304241 doi:10.1016/j.irfa.2018.07.004 doi:10.1016/j.irfa.2018.07.004 |
| spellingShingle | trade credit; bargaining power; panel quantile regression Mateut, Simona Chevapatrakul, Thanaset Customer financing, bargaining power and trade credit uptake |
| title | Customer financing, bargaining power and trade credit uptake |
| title_full | Customer financing, bargaining power and trade credit uptake |
| title_fullStr | Customer financing, bargaining power and trade credit uptake |
| title_full_unstemmed | Customer financing, bargaining power and trade credit uptake |
| title_short | Customer financing, bargaining power and trade credit uptake |
| title_sort | customer financing, bargaining power and trade credit uptake |
| topic | trade credit; bargaining power; panel quantile regression |
| url | https://eprints.nottingham.ac.uk/52751/ https://eprints.nottingham.ac.uk/52751/ https://eprints.nottingham.ac.uk/52751/ |