Interfirm Relationships and Trade Credit in Japan: Evidence from Micro-Data 2015th Edition

Ebook Details

Authors

Hirofumi Uchida, Arito Ono, Souichirou Kozuka

Year 2014
Pages 82
Publisher Springer
Language en
ISBN 9784431551867
File Size 3.99 MB
File Format PDF
Download Counter 84
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Ebook Description

This is the first book to report the details of the current status of interfirm relationships in Japan. Based on a unique data set of firms, the authors describe the characteristics of interfirm transactions in a manner unprecedented in the literature. Special emphasis is placed on the nature of payment/collection between firms. Payment for interfirm transactions is usually made on account, or by payment after delivery, rather than by immediate payment. Thus, most interfirm transactions are accompanied by a provision of credit (i.e., lending/borrowing) from a seller to a buyer, referred to as trade credit. Although trade credit is used all around the world and accounts for a large portion of firms’ balance sheets, researchers, lacking detailed data, have long encountered serious difficulty in clarifying how and why firms use trade credit.