Trade Credit Terms between the Firms in Bulgaria Cover Image
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Условия по търговско кредитиране между фирмите в България
Trade Credit Terms between the Firms in Bulgaria

Author(s): Galia Taseva
Subject(s): Economy
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: G39; G31; G32

Summary/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.

  • Issue Year: 2012
  • Issue No: 4
  • Page Range: 110-136
  • Page Count: 27
  • Language: Bulgarian