Trade Credit Terms between the Firms in Bulgaria

Galia Taseva

Economic Studies journal, 2012, issue 4, 110-136

Abstract: In this article are presented the results of empirical sociological examination of trade credit terms in Bulgaria and are investigated the determinants of these terms. Based on the data obtained from the empirical sociological examination about the terms to maturity and discounts for payment on delivery is analyzed the trade credit price. The results of the analysis reveal that in the country predominate the simple form of trade credit “net terms”. The majority of trade credits are without interest rates, but the other part are with very high effective implicit interest rate, which stimulate moral hazard in debtors’ behaviour and is a reason for late payments.

JEL-codes: G31 G32 G39 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2012:i:4:p:110-136

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