Some reasons for the existence of real bills

Young-Yong Kim

Applied Economics Letters, 2008, vol. 15, issue 15, 1191-1195

Abstract: It is profitable to accept a bill as long as dishonouring probability of the bill is less than the ratio of operating income to sales, which is supported by empirical observations. Also accepting bills tends to establish high quality customer relationships, thereby increasing the long-run profits and decreasing their variability.

Date: 2008
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DOI: 10.1080/13504850600993721

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