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| Tekijä: | Asselbergh, G. |
| Otsikko: | Financing firms with restricted access to financial markets: the use of trade credit and factoring in Belgium |
| Lehti: | European Journal of Finance
2002 : MAR, VOL. 8:1, p. 2-20 |
| Asiasana: | FINANCE FINANCE COMPANIES FINANCIAL MARKETS TRADE BELGIUM |
| Kieli: | eng |
| Tiivistelmä: | The paper reports investigations into the use of alternative means of financing. More specifically, the use of trade credit and factoring are examined. Indeed, following the trade credit management literature both institutional and macro-economic restrictions on small business finance can be overcome by 'larger suppliers' extending trade credit to their smaller customers However, the DSO-rate cannot be used to measure the supplier's willingness to invest in trade credit as it depends on both suppliers' and customers' characteristics, The decision to extend trade credit is therefore approximated by the will to control its management and operationalized by the decision to factor or not to factor. |
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