Download This PaperCredit sales and advance payments: substitutes or complements?
5 Pages Posted: 20 Dec 2023
Date Written: 2013
Abstract
We investigate the interaction between supplier credit sales and customer advance payment. We find evidence that advance payments and credit sales are used as complementary terms of payment in international trade and in transactions of differentiated goods.
Keywords: trade credit, advance payment, complementarity, substitutability, signalling
JEL Classification: G31, G32
Suggested Citation: Suggested Citation
Mateut, Simona and Zanchettin, Piercarlo, Credit sales and advance payments: substitutes or complements? ( 2013). Economics Letters, Vol. 118, No. 1, 2013, Available at SSRN: https://ssrn.com/abstract=4669221
Simona Mateut (Contact Author)
Nottingham University Business School ( email )
Jubilee Campus
Wollaton Road
Nottingham, NG8 1BB
United Kingdom
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