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Applied Economics Volume 39, 2007 - Issue 20
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Original Articles

An agency model to explain trade credit policy and empirical evidence

Rafael Bastos Faculdade Ateneu, Fortaleza, Brazil
&
Julio Pindado Universidad de Salamanca, Salamanca, SpainCorrespondence[email protected]
Pages 2631-2642 | Published online: 11 Apr 2011

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Haijie Huang, Steven Xianglong Chen, Edward Lee & Dongdong Li. (2024) Information search costs and trade credit: evidence from high-speed rail connections. The European Journal of Finance 30:8, pages 865-888.
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Woo Sung Kim, Sang Hoon Lee, Keun Jung Lee & Kunsu Park. (2024) Trade credit and firm value in business groups: evidence from Korea. Asia-Pacific Journal of Accounting & Economics 0:0, pages 1-24.
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Sabri Boubaker, Ly Kim Cuong & Nam Hoai Tran. (2022) Trade credit in transition economies: does state ownership matter?. Post-Communist Economies 34:3, pages 293-327.
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Mehmet Serkan Tosun & Serhat Yildiz. (2022) The relationship between tax uncertainty and trade credit: firm-level evidence from the United States. Applied Economics 54:15, pages 1742-1758.
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Lap Luu & Liem Nguyen. (2021) Short-term debt and trade credit: Evidence on a non-linear relationship. Cogent Economics & Finance 9:1.
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Alfredo Grau & Araceli Reig. (2019) The industry effect and the decision to integrate vertically in a crisis context. The European Journal of Finance 25:16, pages 1591-1605.
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Boray Huang, Andy Wu & David Chiang. (2018) Supporting small suppliers through buyer-backed purchase order financing. International Journal of Production Research 56:18, pages 6066-6089.
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María Belén Lozano. (2012) Analysing the effect of excess cash accumulation on financial decisions. Applied Economics 44:21, pages 2687-2698.
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Marc Deloof & Wouter Van Overfelt. (2011) Trade credit and bank relationships: evidence from pre-World War I Belgium. Applied Economics 43:13, pages 1647-1655.
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Articles from other publishers (33)

Inmaculada Aguiar-Díaz, Ewelina Mruk & María Victoria Ruiz-Mallorquí. (2024) How judicial efficiency impacts trade credit and doubtful receivables. European Journal of Law and Economics.
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James Routledge. (2023) Trade credit supply and financial distress outcomes: evidence from Australian voluntary administrations. Journal of Accounting Literature.
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Hongmei Guo & Zhimiao Tao. (2023) Research on Trade Credit Contract with the Fluctuation of Manufacturer's Purchase Price. Research on Trade Credit Contract with the Fluctuation of Manufacturer's Purchase Price.
Ernest Christlieb Amrago & Nicholas Oppong Mensah. (2022) Trade credit from agrochemical vendors as an alternative source of finance for cabbage producers in the Bono East Region of Ghana. Agricultural Finance Review 83:1, pages 43-82.
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Joseph Kimathi James, Patricia Gachambi Mwangi & Henry Kimathi Mukaria. (2023) Debt Financing and Operational Efficiency of Companies listed at Nairobi Stock Exchange, Kenya. SSRN Electronic Journal.
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Asif Saeed, Zahid Munir & Muhammad Wasif Zafar. (2022) Audit quality and corporate trade credit: evidence from the Asian emerging markets. International Journal of Emerging Markets.
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Bahadir Karakoc. (2022) Information Asymmetry, Shortage of Liquidity and Evidence on the Role of Credit Sales in Business-to-Business Marketing. Global Business Review, pages 097215092211166.
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Erik Hofmann, Juuso Töyli & Tomi Solakivi. (2022) Working Capital Behavior of Firms during an Economic Downturn: An Analysis of the Financial Crisis Era. International Journal of Financial Studies 10:3, pages 55.
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Umeair Shahzad, Jing Liu, Faisal Mahmood & Fukai Luo. (2021) Corporate innovation and trade credit demand: Evidence from China. Managerial and Decision Economics 42:6, pages 1591-1606.
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Candida Bussoli & Danilo Conte. (2020) Trade credit and firm profitability: moderation analysis of intercompany financing in Italy. Journal of Small Business and Enterprise Development 27:6, pages 965-985.
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Ramzi Benkraiem, Amal Hamrouni, Anthony Miloudi & Ali Uyar. (2020) Boardroom attributes and trade credit under different ownership structures. Strategic Change 29:3, pages 407-410.
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Hong Cheng, Yingsheng Su, Jinjiang Yan, Xianyu Wang & Mingyang Li. (2019) The Incentive Model in Supply Chain with Trade Credit and Default Risk. Complexity 2019, pages 1-11.
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Mostafa Monzur Hasan & Ahsan Habib. (2019) Social capital and trade credit. International Review of Financial Analysis 61, pages 158-174.
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Alfredo Juan Grau & Araceli Reig. (2018) Trade credit and determinants of profitability in Europe. The case of the agri-food industry. International Business Review 27:5, pages 947-957.
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Nufazil Altaf & Farooq Ahmad Shah. (2018) How does working capital management affect the profitability of Indian companies?. Journal of Advances in Management Research 15:3, pages 347-366.
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Haibo Yao & Yiling Deng. (2018) Managerial incentives and accounts receivable management policy. Managerial Finance 44:7, pages 865-884.
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Candida Bussoli & Francesca Marino. (2018) Trade credit in times of crisis: evidence from European SMEs. Journal of Small Business and Enterprise Development 25:2, pages 277-293.
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Pengxiang Zhai & Rufei Ma. (2017) Does ownership structure affect trade credit policy in small- and medium-sized firms? Evidence from China. Ensayos sobre Política Económica 35:83, pages 130-138.
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Sebastian NielenSebastian Nielen. 2016. Trade Credit and Temporary Employment. Trade Credit and Temporary Employment 23 40 .
Sebastian NielenSebastian Nielen. 2016. Trade Credit and Temporary Employment. Trade Credit and Temporary Employment 5 22 .
Alfredo J. Grau & Araceli Reig. (2015) Vertical integration and profitability of the agrifood industry in an economic crisis context. Spanish Journal of Agricultural Research 13:4, pages e0107.
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Claudinê Jordão de Carvalho & Rafael Felipe Schiozer. (2015) Determinants of Supply and Demand for Trade Credit by Micro, Small and Medium-Sized Enterprises. Revista Contabilidade & Finanças 26:68, pages 208-222.
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Alfredo Juan Grau Grau & Araceli Reig Pérez. (2014) Efectos de la crisis en el crédito comercial concedido y relevancia de la diversificación de la actividad. Revista Europea de Dirección y Economía de la Empresa 23:4, pages 194-204.
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Huan Zhang & Xianyu Wang. (2014) An Agency Model to Explain Advance Payment Contract in Supply Chain Management. Information Technology Journal 13:11, pages 1873-1877.
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Rafael Bastos & Julio Pindado. (2013) Trade credit during a financial crisis: A panel data analysis. Journal of Business Research 66:5, pages 614-620.
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Werner Bönte & Sebastian Nielen. (2011) Product Innovation, Credit Constraints, and Trade Credit: Evidence from a Cross-country Study. Managerial and Decision Economics 32:6, pages 413-424.
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Justino Manuel Oliveira Marques. (2016) The Different Return Effects on Trade Debt: The Two Way Reinforcement of Creditworthiness. SSRN Electronic Journal.
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Justino Manuel Oliveira Marques. (2015) The Days to Pay Accounts Payable Determinants Assets Structure and Short-Term Financing Flexibilities: A Panel Data GMM Estimation. SSRN Electronic Journal.
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Alfredo Juan Grau Grau & Araceli Reig PPrez. (2015) La integraciin vertical hacia atrrs y la rentabilidad econnmica de las empresas manufactureras (Backward Vertical Integration and Economic Profitability of Manufacturing Firms). SSRN Electronic Journal.
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Justino Manuel Oliveira Marques. (2013) From Financial Management Experience to Research Design - A Fundamental Analysis Proposal (I). SSRN Electronic Journal.
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Justino Manuel Oliveira Marques. (2010) The Days to Pay Accounts Payable Determinants - Financing, Pricing Motives and Financial Substitution Effect - A Panel Data GMM Estimation from European Western Countries. SSRN Electronic Journal.
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Justino Manuel Oliveira Marques. (2010) The Firm’s Trade Credit Risk Taking Process – A Panel Data Probit Estimation, from European Western Countries. SSRN Electronic Journal.
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Marc Deloof & Wouter Van Overfelt. (2009) Trade Credit and Bank Relationships: Evidence from Pre-World War I Belgium. SSRN Electronic Journal.
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