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dc.contributor.authorPike, Richard H.*
dc.contributor.authorLamminmäki, D.*
dc.contributor.authorCravens, K.*
dc.contributor.authorCheng, N.S.*
dc.date.accessioned2009-07-28T14:00:10Z
dc.date.available2009-07-28T14:00:10Z
dc.date.issued2005
dc.identifier.citationPike, R.H., Cheng, N.S., Cravens, K. and Lamminmäki, D. (2005). Trade credit terms: asymmetric information and price discrimination evidence from three continents. Journal of Business Finance and Accounting. Vol. 32, Nos. 5-6, pp. 1197-1236.en
dc.identifier.urihttp://hdl.handle.net/10454/3186
dc.descriptionNoen
dc.description.abstractTrade credit terms offer firms contractual solutions to informational asymmetries between buyers and sellers. The credit period permits buyers to reduce uncertainty concerning product quality prior to payment, while the seller can reduce uncertainty concerning buyer payment intentions by prescribing payment before/on delivery or through two¿part payment terms and other mechanisms. Variation in trade credit terms also offers firms price discriminating opportunities. This study, drawing on the responses of 700 large firms in the US, UK and Australia, explores trade credit terms through the twin objectives of reducing information asymmetries and discriminatory pricing. Support is found for both theories.en
dc.language.isoenen
dc.relation.isreferencedbyhttp://dx.doi.org/10.1111/j.0306-686X.2005.00627.xen
dc.subjectInformation asymmetryen
dc.subjectCross¿national comparisonen
dc.subjectTrade crediten
dc.subjectTwo-part termsen
dc.subjectPrompt payment discounten
dc.subjectPrice discriminationen
dc.titleTrade credit terms: asymmetric information and price discrimination evidence from three continentsen
dc.status.refereedYesen
dc.typeArticleen
dc.type.versionNo full-text available in the repositoryen


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