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Trade Credit and Bank Finance – Evidence from the Visegrad Group

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dc.title Trade Credit and Bank Finance – Evidence from the Visegrad Group en
dc.contributor.author Rahman, Ashiqur
dc.contributor.author Rózsa, Zoltán
dc.contributor.author Cepel, Martin
dc.relation.ispartof Journal of Competitiveness
dc.identifier.issn 1804-171X Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued 2018
utb.relation.volume 10
utb.relation.issue 3
dc.citation.spage 132
dc.citation.epage 148
dc.type article
dc.language.iso en
dc.publisher Univerzita Tomáše Bati ve Zlíně (UTB), Fakulta managementu a ekonomiky
dc.identifier.doi 10.7441/joc.2018.03.09
dc.relation.uri https://www.cjournal.cz/index.php?hid=clanek&bid=aktualni&cid=300&cp=
dc.relation.uri https://www.cjournal.cz/files/300.pdf
dc.subject trade credit en
dc.subject bank finance en
dc.subject small and medium-sized enterprises en
dc.subject Visegrad Group en
dc.description.abstract This paper examines whether bank finance is a substitute or complementary to trade credit for small and medium-sized enterprises (SMEs) in the region of the Visegrad Group – the Czech Republic, Poland, Hungary, and the Slovak Republic. This paper uses the data set provided by the Business Environment and Enterprise Performance Survey that was conducted by the European Bank for Reconstruction and Development and the World Bank during the period from 2012 to 2014. Using a sample of 1,140 firms, it was discovered that firms having an overdraft facility from banks use more trade credit, and this supports the complementary theory of bank credit and trade credit. Moreover, the results suggest that companies that are younger, innovative, risky, with a concentrated ownership structure and operated by an experienced manager use more trade credit to purchase their material inputs and services. However, the results also show that service-oriented firms use less trade credit than manufacturing firms. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1008246
utb.identifier.obdid 43878373
utb.identifier.wok 000445967900010
utb.source j-orig
dc.date.accessioned 2018-10-18T10:31:47Z
dc.date.available 2018-10-18T10:31:47Z
dc.description.sponsorship Internal Grant Agency of FaME TBU: Financial Constraints on Economic Activities [IGA/FaME/2017/010]
dc.rights Attribution 4.0 International
dc.rights.uri https://creativecommons.org/licenses/by/4.0/
dc.rights.access openAccess
utb.contributor.internalauthor Rahman, Ashiqur
utb.fulltext.affiliation Ashiqur Rahman, Zoltan Rozsa, Martin Cepel Contact information Contact information Ashiqur Rahman Tomas Bata University in Zlín Faculty of Management and Economics Department of Enterprise Economics Czech Republic E-mail: rahman@utb.cz Dr. Zoltan Rozsa, Ph.D School of Economics and Management in Public Administration in Bratislava Department of Management Slovakia E-mail: Zoltan.rozsa@vsemvs.sk ORCID: 0000-0002-3699-6669 Dr. Martin Cepel, Ph.D. Paneuropean University Bratislava Faculty of Economics and Business Slovakia E-mail: cepel@benzinol.com.
utb.fulltext.dates -
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utb.fulltext.sponsorship This study was financially supported by the Internal Grant Agency of FaME TBU IGA/FaME/2017/010: Financial Constraints on Economic Activities.
utb.wos.affiliation [Rahman, Ashiqur] Tomas Bata Univ Zlin, Fac Management & Econ, Dept Enterprise Econ, Zlin, Czech Republic; [Rozsa, Zoltan] Sch Econ & Management Publ Adm Bratislava, Dept Management, Bratislava, Slovakia; [Cepel, Martin] Paneuropean Univ Bratislava, Fac Econ & Business, Bratislava, Slovakia
utb.fulltext.projects IGA/FaME/2017/010
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