Financial dependence and the terms of payments in international transactions
Kemal Turkcan () and
Applied Economics Letters, 2018, vol. 25, issue 8, 531-534
Using a novel data on payment choice in export transactions, this study shows that financing cost in a country is more important in terms of offering (undertaking) post-shipment (prepayment) terms in exports (imports) for the industries that rely more on external finance.
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