Identificador persistente para citar o vincular este elemento: http://hdl.handle.net/10553/130208
Título: How judicial efficiency impacts trade credit and doubtful receivables
Autores/as: Aguiar Díaz, Inmaculada 
Mruk, Ewelina Monika 
Ruiz Mallorquí, María Victoria 
Clasificación UNESCO: 530406 Dinero y operaciones bancarias
Palabras clave: Judicial efficiency
Trade credit
Doubtful
Fecha de publicación: 2024
Publicación seriada: European Journal of Law and Economics 
Resumen: Judicial efficiency has been widely identified as a factor that has an impact on credit markets and firms’ financial decisions. In this paper, we study the relation-ship between judicial efficiency and trade credit granted by firms to their custom-ers, as well as how the judicial system influences the proportion of those credits that are deemed ‘doubtful’. We test our assumption by analysing a sample of 1526 listed, ‘non-financial’ firms located in countries in the eurozone, during the period 2011–2021. The proxies of judicial efficiency are the length of judicial proceedings and rule of law, obtained from the World Bank’s ‘Doing Business’ and the World Bank Governance Indicators (WGI) databases, respectively. The empirical findings confirm our hypotheses that efficient justice allows for increased supplier confidence when extending financing to their customers and reduces doubtful trade credit.
URI: http://hdl.handle.net/10553/130208
ISSN: 0929-1261
DOI: 10.1007/s10657-024-09793-0
Fuente: European Journal of Law and Economics [ISSN 0929-1261], v. 57 (1-2), pag. 63-91, (Abril 2024)
Colección:Artículos
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