Deloof, Marc; Jegers, Marc - In: Journal of Business Finance & Accounting 26 (1999-09) 7&8, pp. 945-966
We investigate the role of trade credit as a source of financing. Using a sample of 661 large non-financial Belgian firms for the 1989-1991 period, we find that the amount of trade credit a buyer takes is determined by his need for funds and the internally available funds. Trade credit is...