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dc.contributor.authorRavid, S. Abraham
dc.contributor.authorLong, Michael
dc.contributor.authorMalitz, Illeen B.
dc.identifier.citationRavid, S.A., Long, M. & Malitz, I.B. (1993, November). Trade credit, quality guarantees, and product marketability. Financial Management, 22(4), DOI: 10.2307/3665582en_US
dc.identifier.issnPrint: 0046-3892 Electronic: 1755-053X
dc.descriptionScholarly article / Open Accessen_US
dc.description.abstractAlthough trade credit has long been an important source of financing for corporations, it is one of the least understood methods of doing business. One possible reason for misconceptions about trade credit is that it is not primarily financial in nature, but instead reflects production and marketing decisions. In this paper, we consider trade credit as a way that firms can guarantee product quality, rather than as a means of financing less creditworthy firms. In this context, we seek, and provide, possible explanations for observed phenomena such as relatively shorter (or no) trade credit terms for consumer and food products and relatively longer terms for heavy industrial equipment.en_US
dc.description.sponsorshipThe authors would like to thank Gary Emery, Ned Hill, Robert W. evidence. Johnson, Janet Smith, Keith Smith, Matt Spiegel and two anonymous referees for their helpful comments and suggestions. Previous versions of this paper were presented at the Pacific Basin Conference, the Financial Management Association Annual Meeting, the Cash Management Symposium and the Eastern Finance Association Annual Meetingen_US
dc.publisherWiley [Commercial Publisher] ; Financial Management Association International [Associate Organisation]en_US
dc.relation.ispartofseriesFinancial Management;22(4)
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.subjectTrade crediten_US
dc.subjectfinancing for corporationsen_US
dc.titleTrade credit, quality guarantees, and product marketability.en_US

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