Author: Vincent ChandlerPublisher:
ISBN: 9781100141213
Category : Small business
Languages : en
Pages : 22
Book Description
Determinants of Trade Credit Use by Small and Medium-sized Enterprises in Canada
Author: Vincent ChandlerPublisher:
ISBN: 9781100141213
Category : Small business
Languages : en
Pages : 22
Book Description
Small and Medium-sized Enterprise (SME) Financing in Canada
Author: CanadaPublisher: Canadian Museum of Civilization/Musee Canadien Des Civilisations
ISBN:
Category : Business & Economics
Languages : en
Pages : 108
Book Description
This is a report on the state of financing for small & medium sized enterprises (SMEs) in Canada, with information obtained from three Statistics Canada & Industry Canada surveys. Part 1 first analyzes results of a Statistics Canada survey & other sources to create a profile of the demand for debt financing. Key issues covered include application & approval rates, suppliers & debt instruments used by SMEs, collateral & application requirements faced by firms of different employment sizes, industries, regions, & other factors. Subsequent sections in this part review results relating to leasing, risk capital financing, and other sources of financing such as factoring & supplier credit. Part two provides a profile of SMEs & entrepreneurs, with information on the effects of demographic factors on SME financing. It explores the conditions faced by women, youth, Aboriginal, and minority groups in obtaining business financing. The final part offers a history of the SME Financing Data Initiative and examines how this project will be expanded in the future. Appendices include a definition of knowledge-based industries and a glossary.
The Economics of Corporate Trade Credit in Europe
Author: Julia Koralun-BereźnickaPublisher: Routledge
ISBN: 1000539717
Category : Business & Economics
Languages : en
Pages : 164
Book Description
This book is a research monograph addressed to a wide range of academics interested in corporate short-term capital. The study shows the role of trade credit in the functioning of economic entities. It constitutes a comprehensive source of knowledge about the role of trade credit in the development of enterprises, as well as the impact of this form of finance on the development of economies. Apart from an extensive review of the theoretical aspects of the role of trade credit in the economy, the study discusses the importance of factors influencing trade credit behaviour. Trade credit, despite its versatility, has not yet been fully described, particularly with regard to the specificity of domestic markets. This study aggregates and supplements the existing sources. The monograph is of an international character, as it covers a substantial group of European countries. Therefore, it is likely to have international appeal. The findings may be of interest to those involved in finance management. Understanding the differences in receivables management resulting from the country specificity can contribute to a better understanding of business finance and its operational functions. This knowledge may support the effective management of receivables and liabilities, especially in companies operating on the global market.
The Determinants of Corporate Trade Credit Policies in a Bank-Dominated Financial Environment - the Case of Finnish Small Firms
Author: Jyrki NiskanenPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
This paper examines trade credit policies of small firms operating in a bank-dominated environment (Finland). We find that creditworthiness and access to capital markets are important determinants of trade credit extended by sellers. The level of purchases is positively correlated with the level of accounts payable. Larger and older firms and firms with strong internal financing are less likely to use trade credit, whereas firms with a high ratio of current assets to total assets, and firms subject to loan restructurings use it more. Negative loan decisions by financial intermediaries increase and a close bank-borrower relationship decreases the probability that a firm does not take advantage of trade credit discounts.
Dependency and Trade Credit
Author: Alexander OeingPublisher:
ISBN: 9783848730902
Category : Commercial credit
Languages : en
Pages : 0
Book Description
By citing 101 medium-sized German industrial companies, this study demonstrates that supplier credit is often characterised by different individual and mutual dependency factors. In this way it supports the theories which highlight that product and finance related determinants stipulated by both suppliers and customers play a role in shaping supplier credit.
Trade Credit and Credit Rationing in Canadian Firms
Author: Rose CunninghamPublisher: Statistics Canada
ISBN: 9780662419730
Category : Commercial credit
Languages : en
Pages : 29
Book Description
On the Determinants and Dynamics of Trade Credit Use
Author: Nancy HuyghebaertDoes Trade Credit Substitute Bank Credit? Evidence From Firm-Level Data
Author: Mr.Guido De BlasioPublisher: International Monetary Fund
ISBN: 1451858124
Category : Business & Economics
Languages : en
Pages : 29
Book Description
The paper examines micro data on Italian manufacturing firms' inventory behavior to test the Meltzer (1960) hypothesis according to which firms substitute trade credit for bank credit during periods of monetary tightening. It finds that their inventory investment is constrained by the availability of trade credit. As for the magnitude of the substitution effect, however, this study finds that it is not sizable. This is in line with the micro theories of trade credit and the evidence on actual firm practices, according to which credit terms display modest variations over time.
Trade Credits and Accounts Payables
Author: Khaled SoufaniPublisher:
ISBN:
Category :
Languages : en
Pages : 27
Book Description
The demand for trade credit is considered to be a form of short-term financing that many firms use in order to postpone immediate cash payment, which normally results in improving cash flow. This paper focuses on testing the theoretical determinants on trade credit from the demand side examining whether: 1) - creditworthy firms that have access to both external and internal financing demand trade credits, 2) - that those firms experiencing growth in profits and sales demand trade credit, and 3) - price discrimination by firms can actually influence the demand for trade credit. We use a large sample of 13,193 companies from the UK, and identify whether the decision to demand trade credit as measured by the level of accounts payable depend, on firm's size, or the type of sector in which firms operate in. We draw a distinction between small, medium and large firms, and find evidence that the decision to demand trade credit and the relationship to firm's ability to access finance, their profit and growth, or price discriminate can to a large extent be determined by the size of the firm. When the models are applied to cross sectors, it is evident that firms in the wholesale and retail sectors tend to have significant relationships.
Author: Allen Wayne Lacy