Trade credit in the Chinese Economy: An analysis of Listed Companies

摘要：

　　To provide a comprehensive analysis of trade credit activity in China,This study compared the use of the important non-formal financial channel,trade credit,between different sectors in China.This study further compared the use of trade credit between the firms of different scale.The results suggest that trade credit is an important source of funding for companies in the Chinese economy.Firstly,trade credit terms vary across industries,but tend to stay stable within industries and over time.Secondly,some manufacturing industries are net trade credit providers while others are net trade credit recipients.Thirdly,small and medium-sized firms (SMEs) are vital ingredient in the Chinese economy.SMEs can get short-term finance from their suppliers,however data shows that SMEs in china are net trade credit provider due to weaker position in the market.The results highlight the importance of supply chain financing for market completion.

关键词： Trade credit Chinese Economy Account receivable Account payable

作者: Zheng cheng WU

作者单位: TSL School of Business and Information Technology,Quanzhou Normal University,Quanzhou Fujian China

会议类型: 国际会议

会议名称: ICEFS2017(International Conference on Economics, Finance and Statistics 2017) (2017经济、金融与统计国际会议)

会议地点: 香港

会议语种:英文

页码: 273-277

在线出版日期: 2017-01-14（万方平台首次上网日期，不代表论文的发表时间）