Bakker, Marie H. R.; Klapper, Leora; Udell, Gregory F. - 2013
Factoring is a form of asset-based finance where the credit is extended based on the value of the borrower's accounts … receivable. In recent years factoring has experienced phenomenal growth and has become an important source of financing … billion euro in 2003. Although the importance of factoring varies considerably around the world, it occurs in most countries …