Este trabajo constituye una primera aportación al estudio del crédito comercial en Canarias utilizando datos de la CBULL, que sólo incluye empresas de pequeño y mediano tamaño. Mediante la aplicación de técnicas multivariantes, los resultados muestran que el crédito comercial permite...

La financiación interempresarial es un tema relativamente poco analizado tanto en la literatura sobre los mercados de crédito como en la referente al análisis financiero de la empresa. Este trabajo constituye una aportación al estudio del crédito comercial, analizando concretamente los...

Purpose –This paper aims to explore the reasons for the apparent failure of many UK firms to achieve the competitive advantages indicated in largely positivist literature through the management of their trade credit positions. Design/methodology/approach -The paper utilises data from a set of...

The Bolivian evidence shows that microfinance lending technologies are well designed to cope with different kinds of risk. The innovations provided in this financial sector show more strengths than weaknesses to overcome information asymmetries. Furthermore, group and individual loans are...

The widespread evidence of multiple bank lending relationships in credit markets suggests that firms are interested in setting up a diversity of banking links. However, it is hard to know from the empirical data whether a firm's observed number of lenders is symptomatic of financial constraints...

The gravity model has provided a tractable empirical framework to account for bilateral flows not only of manufactured goods, as in the case of merchandise trade, but also of financial flows. In particular, recent literature has emphasized the role of information costs in preventing larger...

As red tape in host countries and information asymmetries constitute a significant obstacle to investment flows across international borders, an important policy question is: what can aspiring FDI destinations do to reduce such barriers? This study uses newly collected data on 124 countries to...

The gravity model has provided a tractable empirical framework to account for bilateral flows not only of manufactured goods, as in the case of merchandise trade, but also of financial flows. In particular, recent literature has emphasized the role of information costs in preventing larger...