Abstract:
Payments arrears, Government expenditures, European Union, Private sector, Liquidity, Regression analysis, Public payment delays, government arrears, government spending, accounts payable, credit, debt, liabilities, trade credit, credits, deficit, default, payment terms, bankruptcy, trade credits, unpaid bills, public debt, financing, likelihood of bankruptcy, payment discipline, bankruptcies, accounting framework, settlements, debt crisis, loan, salaries, financial transaction, sovereign debt, investment, bankruptcy rate, creditors, access to credit, dependent, restructuring, commercial law, receivables, annual payment, interest rate, wages, debtor, late payment, government debt, commercial