Do trade credits finance long-term investments?

Our model indicates that European firms across all size categories use trade credits to purchase 6%–15% of tangible fixed assets and 14%–30% of intangible assets in the short-run. A long-run target adjustment model shows that large firms eventually replace most of this temporary trade credit financi...

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Bibliografiske detaljer

Principais autores:	Jan Bartholdy, Dennis Olson
Format:	Artigo
Sprog:	Inglês
Udgivet:	Elsevier 2023-10-01
Serier:	Heliyon
Fag:	Trade credits Weighted average cost of capital Long-term financing
Online adgang:	http://www.sciencedirect.com/science/article/pii/S2405844023076569
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