Credit sales and advance payments: Substitutes or complements?

被引：20
|
作者：
Mateut, Simona [1 ]
Zanchettin, Piercarlo [2 ]
机构：
[1] Univ Nottingham, Nottingham NG8 1BB, England
[2] Univ Leicester, Leicester LE1 7RH, Leics, England
来源：
ECONOMICS LETTERS | 2013年 / 118卷 / 01期
关键词：
Trade credit; Advance payment; Complementarity; Substitutability; Signalling; TRADE CREDIT; TERMS;
D O I：
10.1016/j.econlet.2012.10.020
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We investigate the interaction between supplier credit sales and customer advance payment. We find evidence that advance payments and credit sales are used as complementary terms of payment in international trade and in transactions of differentiated goods. (C) 2012 Elsevier B.V. All rights reserved.
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页码：173 / 176
页数：4
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