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oapen-20.500.12657-546292022-05-21T02:54:25Z Chapter 1 The role of trade credit in corporate activity Koralun-Bereźnicka, Julia Szramowski, Dawid cluster analysis; country and firm size effect;financial crisis; industry; payables management; receivables management; short-term finance;Trade credit; trade credit balance; working capital bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFC Accounting bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFF Finance::KFFH Corporate finance bic Book Industry Communication::K Economics, finance, business & management::KC Economics This chapter describes the role of trade credit in the functioning of enterprises. It presents the essence and the use of this form of finance, as well as placing it in a historical context. The chapter discusses the role of trade credit and the methods of trade credit management in business entities. It also describes the rules of trade credit administration, as well as the common reasons that enterprises use trade credit. Moreover, the chapter discusses the receivables and payables management system in an enterprise. Apart from highlighting the role of trade credit in national economies, it indicates the tools for minimising the level of risk associated with the trade credit granted. Further on, it presents the various objectives that trade credit allows entrepreneurs to achieve. Finally, it reports the legislative regulations introduced to exclude deferred payment contracts, which can be grossly unfair to one of the parties. 2022-05-20T09:34:51Z 2022-05-20T09:34:51Z 2021 chapter 9781032181752 9781032181776 https://library.oapen.org/handle/20.500.12657/54629 eng application/pdf Attribution-NonCommercial-NoDerivatives 4.0 International 9781003253228_10.4324_9781003253228-2.pdf Taylor & Francis The Economics of Corporate Trade Credit in Europe Routledge 10.4324/9781003253228-2 10.4324/9781003253228-2 7b3c7b10-5b1e-40b3-860e-c6dd5197f0bb cbf6a241-d89c-4df4-a46c-edccda076651 9781032181752 9781032181776 Routledge 35 open access
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OAPEN
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English
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This chapter describes the role of trade credit in the functioning of enterprises. It presents the essence and the use of this form of finance, as well as placing it in a historical context. The chapter discusses the role of trade credit and the methods of trade credit management in business entities. It also describes the rules of trade credit administration, as well as the common reasons that enterprises use trade credit. Moreover, the chapter discusses the receivables and payables management system in an enterprise. Apart from highlighting the role of trade credit in national economies, it indicates the tools for minimising the level of risk associated with the trade credit granted. Further on, it presents the various objectives that trade credit allows entrepreneurs to achieve. Finally, it reports the legislative regulations introduced to exclude deferred payment contracts, which can be grossly unfair to one of the parties.
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9781003253228_10.4324_9781003253228-2.pdf
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spellingShingle |
9781003253228_10.4324_9781003253228-2.pdf
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title_short |
9781003253228_10.4324_9781003253228-2.pdf
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title_full |
9781003253228_10.4324_9781003253228-2.pdf
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title_fullStr |
9781003253228_10.4324_9781003253228-2.pdf
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title_full_unstemmed |
9781003253228_10.4324_9781003253228-2.pdf
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9781003253228_10.4324_9781003253228-2.pdf
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publisher |
Taylor & Francis
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2022
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1771297447125975040
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