| Revista: | BAR - Brazilian Administration Review |
| Base de datos: | CLASE |
| Número de sistema: | 000336896 |
| ISSN: | 1807-7692 |
| Autores: | Saito, Richard1 Bandeira, Marcia Lima1 |
| Instituciones: | 1Fundacao Getulio Vargas, Escola de Administracao de Empresas, Sao Paulo. Brasil |
| Año: | 2010 |
| Periodo: | Jul-Sep |
| Volumen: | 7 |
| Número: | 3 |
| Paginación: | 242-259 |
| País: | Brasil |
| Idioma: | Inglés |
| Tipo de documento: | Artículo |
| Enfoque: | Analítico |
| Resumen en inglés | While trade credit may be used as a substitute for bank loans, we find empirical evidence that listed firms do use bank debt and trade credit as two complementary sources of financing in line with recent theoretical papers (e.g. Biais & Gollier, 1997) and evidence found in other empirical works (e.g. Alphonse, Ducret, & Séverin, 2006). By using a sample of 263 publicly-listed companies from 2006, our findings empirically support that trade credit may be used as (i) a sign of the firm’s quality, and (ii) a way of facilitating access to bank debt as trade credit seems to be a substitute for bank debt |
| Disciplinas: | Administración y contaduría, Economía |
| Palabras clave: | Contaduría, Empresas, Credito comercial, Empresas públicas, Fuentes de financiamiento, Deuda |
| Texto completo: | Texto completo (Ver PDF) |
