[Journal:] Investigaciones Europeas de Dirección y Economía de la Empresa (IEDEE) [ISSN:] 1135-2523 [Volume:] 14 [Year:] 2008 [Issue:] 3 [Pages:] 35-54
Economic literature reveals a lack of a general theory on trade credit. This paper reviews the main theoretical and empirical contributions providing a simple but complete guide to researchers. Likewise, future research is encouraged by showing the puzzled and less explored features of trade credit. Moreover, this study is novel in reviewing the linking between trade credit and monetary restrictions, providing some light to the emerging literature on the role of trade credit in the transmission of monetary policy.
trade credit transaction costs price discrimination asymmetric information default