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El Crédito Comercial y la Crisis Crediticia: un Análisis Descriptivo en Europa; Reino Unido y España / The Trade Credit and Credit Crunch: a Descriptive Analysis in Europe, UK and Spain

San-Jose, Leire and Cowton, Christopher J. (2009) El Crédito Comercial y la Crisis Crediticia: un Análisis Descriptivo en Europa; Reino Unido y España / The Trade Credit and Credit Crunch: a Descriptive Analysis in Europe, UK and Spain. In: Administrando en entornos inciertos. ESIC, p. 217. ISBN 9788473566094

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      Abstract

      The use of trade credit as a short-term financing is increasing in the last years; large firms use more days to pay small firms than they need, which causes financial fatal consequences to suppliers. These financial problems are not new, but with the credit crunch they are coming up because the massive use of the trade credit impacts negatively on suppliers whose insolvency and bankruptcy risks increase. In this paper we review in a descriptive way the use of trade credit in the credit crunch. The main contributions of the paper are two. Firstly, we show the financial consequences of the use of trade credit, and specifically in credit crisis, and how UK government develop public payment policies to reduce the negative effect of delete payments. Secondly, we study and compare the situation of European countries in terms of payment to suppliers, and in particular the case of UK, but also Spanish case.

      Item Type: Book Chapter
      Additional Information: Proceedings of Administrando en Entornos Inciertos (Managing in Uncertain Environment), XXIII Congreso Anual, AEDEM, Sevilla, 3, 4 y 5 de Junio de 2009
      Uncontrolled Keywords: Credit Crunch, Trade Credit, Suppliers, Payment Policy Initiative
      Subjects: H Social Sciences > HG Finance
      Schools: The Business School
      The Business School > Financial Ethics and Governance Research Group
      Related URLs:
      Depositing User: Leire San Jose
      Date Deposited: 13 Jul 2009 11:23
      Last Modified: 14 Jun 2011 09:37
      URI: http://eprints.hud.ac.uk/id/eprint/4714

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