Arbeitspapier
How Trade Credits Foster International Trade
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: BGPE Discussion Paper ; No. 116
- Klassifikation
-
Wirtschaft
Trade: General
Corporate Finance and Governance: General
- Thema
-
trade credits
international trade
financial constraints
export
import
Lieferantenkredit
Außenhandelswirtschaft
Verschuldungsrestriktion
Signalling
Schätzung
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Eck, Katharina
Engemann, Martina
Schnitzer, Monika
- Ereignis
-
Veröffentlichung
- (wer)
-
Friedrich-Alexander-Universität Erlangen-Nürnberg, Bavarian Graduate Program in Economics (BGPE)
- (wo)
-
Nürnberg
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Eck, Katharina
- Engemann, Martina
- Schnitzer, Monika
- Friedrich-Alexander-Universität Erlangen-Nürnberg, Bavarian Graduate Program in Economics (BGPE)
Entstanden
- 2012
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