| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8954 |
| DP8954 How Trade Credits Foster International Trade | |
| Monika Schnitzer; Katharina Eck; Martina Engemann | |
| 发表日期 | 2012-04-01 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | Internationally active firms rely intensively on trade credits even though they are considered particularly expensive. This phenomenon has been little explored so far. Our theoretical analysis shows that trade credits can alleviate financial constraints arising from asymmetric information because they serve as a quality signal and reduce the uncertainty related to international transactions. We use unique survey data on German enterprises to test the effect of the use of trade credits on firms' exporting and importing behavior, both at the extensive and intensive margins. Our results support the assertion that trade credits have a positive impact on firms' exporting and importing activities. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Beeps Export Financial constraints Import International trade Trade credits |
| URL | https://cepr.org/publications/dp8954 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537792 |
| 推荐引用方式 GB/T 7714 | Monika Schnitzer,Katharina Eck,Martina Engemann. DP8954 How Trade Credits Foster International Trade. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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