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| Author: | Chittenden, F. Bragg, R. |
| Title: | Trade credit, cash flow and SMEs in the UK, Germany and France |
| Journal: | International Small Business Journal
1997 : OCT-DEC, VOL. 16:1, p. 22-35 |
| Index terms: | TRADE CREDIT CASH FLOW |
| Language: | eng |
| Abstract: | Firms typically sell on credit rather than requiring immediate payment. There are a number of reasons why suppliers do this. but none suggest that trade credit is a cheap form of finance. However, a business culture which places immediate financial advantage above contractual obligations has become commonplace in the UK, as well as other countries. Having supplied a customer there is relatively little that the creditor can do to speed payment unless the supplier is prepared to risk confrontation with a customer who may well be able to obtain supplies elsewhere. |
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