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Trade credit puzzle

Balbinder Singh Gill UGent (2011) International Conference on Finance and Banking Society, Proceedings. p.1-78
abstract
We show that the majority of the heterogeneity in the levels of accounts receivable for non-financial Belgian firms is driven by time-invariant factors. The levels of accounts receivable tend to remain largely stable over a long period of time. Firms with very high (low) levels of receivables tend to provide the same amount of financing to their customers over a period of 8 years. This finding shows that the traditional determinants only capture a small part of the variation in the levels of accounts receivable. We gain a clear insight into the implications of the time-invariant elements for future empirical studies on the use of trade credit receivable.
Please use this url to cite or link to this publication:
author
organization
year
type
conference
publication status
published
subject
keyword
financial distres, trade credit receivable, firm heterogeneity
in
International Conference on Finance and Banking Society, Proceedings
pages
1 - 78
publisher
International Finance and Banking Society
place of publication
Rome, Italy
conference name
International Conference on Finance and Banking Society (IFABS - 2011)
conference location
Rome, Italy
conference start
2011-06-30
conference end
2011-07-02
language
English
UGent publication?
yes
classification
C1
copyright statement
I have retained and own the full copyright for this publication
id
2112648
handle
http://hdl.handle.net/1854/LU-2112648
alternative location
http://host.uniroma3.it/eventi/ifabs2011/db/docs/52_BALBINDER.GILL_UGENT.BE_paper.pdf
date created
2012-05-25 05:40:40
date last changed
2012-05-29 13:10:04
@inproceedings{2112648,
  abstract     = {We show that the majority of the heterogeneity in the levels of accounts receivable for non-financial Belgian firms is driven by time-invariant factors. The levels of accounts receivable tend to remain largely stable over a long period of time. Firms with very high (low) levels of receivables tend to provide the same amount of financing to their customers over a period of 8 years. This finding shows that the traditional determinants only capture a small part of the variation in the levels of accounts receivable. We gain a clear insight into the implications of the time-invariant elements for future empirical studies on the use of trade credit receivable.},
  author       = {Gill, Balbinder Singh},
  booktitle    = {International Conference on Finance and Banking Society, Proceedings},
  keyword      = {financial distres,trade credit receivable,firm heterogeneity},
  language     = {eng},
  location     = {Rome, Italy},
  pages        = {1--78},
  publisher    = {International Finance and Banking Society},
  title        = {Trade credit puzzle},
  url          = {http://host.uniroma3.it/eventi/ifabs2011/db/docs/52\_BALBINDER.GILL\_UGENT.BE\_paper.pdf},
  year         = {2011},
}

Chicago
Gill, Balbinder Singh. 2011. “Trade Credit Puzzle.” In International Conference on Finance and Banking Society, Proceedings, 1–78. Rome, Italy: International Finance and Banking Society.
APA
Gill, B. S. (2011). Trade credit puzzle. International Conference on Finance and Banking Society, Proceedings (pp. 1–78). Presented at the International Conference on Finance and Banking Society (IFABS - 2011), Rome, Italy: International Finance and Banking Society.
Vancouver
1.
Gill BS. Trade credit puzzle. International Conference on Finance and Banking Society, Proceedings. Rome, Italy: International Finance and Banking Society; 2011. p. 1–78.
MLA
Gill, Balbinder Singh. “Trade Credit Puzzle.” International Conference on Finance and Banking Society, Proceedings. Rome, Italy: International Finance and Banking Society, 2011. 1–78. Print.