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Authors | Hirofumi Uchida, Arito Ono, Souichirou Kozuka |
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Year | 2014 |
Pages | 82 |
Publisher | Springer |
Language | en |
ISBN | 9784431551867 |
File Size | 3.99 MB |
File Format | |
Download Counter | 275 |
Amazon | Link |
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.