In light of the multiple motivations for the use of trade credit, firms tend to supply and receive trade credit at the same time, so the choice to engage in one of these activities could influence the other. Many studies proposed in the literature define models of trade credit and provide empirical evidence, looking mainly at only one aspect of trade policy at a time. The few studies comparing gross and net exposure models are based on a limited set of variables or on a limited time horizon. In the context of one of the more relevant world markets (Italy), this paper compares models for gross and net exposure, demonstrating a significant difference in the statistical fitness of the two models and in the characteristics of the explanatory variables. The results demonstrate the existence of a strict relationship between trade credit and debt choices and suggest some unique features of net models compared to gross ones.

Gibilaro, L., Mattarocci, G. (2010). Predictors of net trade credit exposure: evidence from the Italian market. THE INTERNATIONAL JOURNAL OF BUSINESS AND FINANCE RESEARCH, 4(4), 103-120.

Predictors of net trade credit exposure: evidence from the Italian market

MATTAROCCI, GIANLUCA
2010-01-01

Abstract

In light of the multiple motivations for the use of trade credit, firms tend to supply and receive trade credit at the same time, so the choice to engage in one of these activities could influence the other. Many studies proposed in the literature define models of trade credit and provide empirical evidence, looking mainly at only one aspect of trade policy at a time. The few studies comparing gross and net exposure models are based on a limited set of variables or on a limited time horizon. In the context of one of the more relevant world markets (Italy), this paper compares models for gross and net exposure, demonstrating a significant difference in the statistical fitness of the two models and in the characteristics of the explanatory variables. The results demonstrate the existence of a strict relationship between trade credit and debt choices and suggest some unique features of net models compared to gross ones.
2010
Pubblicato
Rilevanza internazionale
Articolo
Sì, ma tipo non specificato
Settore SECS-P/11 - ECONOMIA DEGLI INTERMEDIARI FINANZIARI
English
Senza Impact Factor ISI
trade credit; trade debt; trade policy determinant
Gibilaro, L., Mattarocci, G. (2010). Predictors of net trade credit exposure: evidence from the Italian market. THE INTERNATIONAL JOURNAL OF BUSINESS AND FINANCE RESEARCH, 4(4), 103-120.
Gibilaro, L; Mattarocci, G
Articolo su rivista
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2108/14471
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