The authors employ a novel dataset on almost 30,000 trade credit contracts to describe the broad characteristics of the parties that contract together; the key contractual terms, such as the discount for early payment; and the days by when payment is due. Whereas prior work has typically used information on only one side of the buyer-seller transaction, this paper utilizes information on both. The authors find that the largest and most creditworthy...
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INFORMATION
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2011/07/01
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Document de travail de recherche sur les politiques
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WPS5726
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1
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1
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2011/07/01
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Disclosed
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Trade credit contracts
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Finance & Private Sector Development
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