Conditioning Factors of Late Payment of Trade Credit

This article presents new evidence on the practice of financial delinquency of trade credits. The low level of punctuality in pa yments to suppliers can negatively affect the liquidity of the lender and be transmitted to all companies in the value chain, creating uncertain...

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Autor principal:	Claudinê Jordão de Carvalho
Formato:	article
Lenguaje:	EN PT
Publicado:	FUCAPE Business School 2015
Materias:	hidden information information asymmetry financial crime purchase on credit Business HF5001-6182
Acceso en línea:	https://doaj.org/article/1ec43d2238e24b7ca3b0156d6b61b3a8
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spelling	oai:doaj.org-article:1ec43d2238e24b7ca3b0156d6b61b3a82021-11-11T15:48:06ZConditioning Factors of Late Payment of Trade Credit1807-734Xhttps://doaj.org/article/1ec43d2238e24b7ca3b0156d6b61b3a82015-01-01T00:00:00Zhttp://www.redalyc.org/articulo.oa?id=123041059004https://doaj.org/toc/1807-734XThis article presents new evidence on the practice of financial delinquency of trade credits. The low level of punctuality in pa yments to suppliers can negatively affect the liquidity of the lender and be transmitted to all companies in the value chain, creating uncertainties in the business environment. The aim is to identify and analyse the factors responsible for delay in paymen t to suppliers. A survey with 554 brazilian companies located in the provinces of Minas Gerais and São Paulo enable application of the model of ordered logit regression analysis . T he dependent variable is the financial delinquency level of companies that d o or do not delay the payment of duties , and the independent variables are the demographic, financial , and operational inherent demand for financing and moral hazard. The results show that companies with more short - term debt s , beginner on its business acti vities , and that have a higher proportion of customers who pay their credit purchase on time are more likely to delay their obligations to suppliers.Claudinê Jordão de CarvalhoFUCAPE Business Schoolarticlehidden informationinformation asymmetryfinancial crimepurchase on creditBusinessHF5001-6182ENPTBBR: Brazilian Business Review, Pp 72-91 (2015)
institution	DOAJ
collection	DOAJ
language	EN PT
topic	hidden information information asymmetry financial crime purchase on credit Business HF5001-6182
spellingShingle	hidden information information asymmetry financial crime purchase on credit Business HF5001-6182 Claudinê Jordão de Carvalho Conditioning Factors of Late Payment of Trade Credit
description	This article presents new evidence on the practice of financial delinquency of trade credits. The low level of punctuality in pa yments to suppliers can negatively affect the liquidity of the lender and be transmitted to all companies in the value chain, creating uncertainties in the business environment. The aim is to identify and analyse the factors responsible for delay in paymen t to suppliers. A survey with 554 brazilian companies located in the provinces of Minas Gerais and São Paulo enable application of the model of ordered logit regression analysis . T he dependent variable is the financial delinquency level of companies that d o or do not delay the payment of duties , and the independent variables are the demographic, financial , and operational inherent demand for financing and moral hazard. The results show that companies with more short - term debt s , beginner on its business acti vities , and that have a higher proportion of customers who pay their credit purchase on time are more likely to delay their obligations to suppliers.
format	article
author	Claudinê Jordão de Carvalho
author_facet	Claudinê Jordão de Carvalho
author_sort	Claudinê Jordão de Carvalho
title	Conditioning Factors of Late Payment of Trade Credit
title_short	Conditioning Factors of Late Payment of Trade Credit
title_full	Conditioning Factors of Late Payment of Trade Credit
title_fullStr	Conditioning Factors of Late Payment of Trade Credit
title_full_unstemmed	Conditioning Factors of Late Payment of Trade Credit
title_sort	conditioning factors of late payment of trade credit
publisher	FUCAPE Business School
publishDate	2015
url	https://doaj.org/article/1ec43d2238e24b7ca3b0156d6b61b3a8
work_keys_str_mv	AT claudinejordaodecarvalho conditioningfactorsoflatepaymentoftradecredit
_version_	1718433878178267136

Conditioning Factors of Late Payment of Trade Credit

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