search query: @author Long, M. / total: 6
reference: 4 / 6
| Author: | Long, M. Malitz, I. Ravid, S. |
| Title: | Trade credit, quality guarantees, and product marketability |
| Journal: | Financial Management
1993 : WINTER, VOL. 22:4, p. 117-127 |
| Index terms: | TRADE CREDIT QUALITY |
| Language: | eng |
| Abstract: | The purpose of this paper is to extend the existing theories of trade credit and to provide relevant empirical evidence. The authors focus on the sellers' decision to extend trade credit and develop a reduced form model reflecting supply and demand influences. The authors build on an idea first suggested by Smith, that a major purpose of trade credit is to provide product qualities guarantees, and thus enhance marketability. The authors develop their model and its testable implications. |
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