Trade credit and bank finance – Evidence from the Visegrad Group

Rahman, Ashiqur; Rózsa, Zoltán; Cepel, Martin

dc.title	Trade credit and bank finance – Evidence from the Visegrad Group	en
dc.contributor.author	Rahman, Ashiqur
dc.contributor.author	Rózsa, Zoltán
dc.contributor.author	Cepel, Martin
dc.relation.ispartof	Journal of Competitiveness
dc.identifier.issn	1804-171X Scopus Sources, Sherpa/RoMEO, JCR
dc.identifier.issn	1804-1728 Scopus Sources, Sherpa/RoMEO, JCR
dc.date.issued	2018
utb.relation.volume	10
utb.relation.issue	3
dc.citation.spage	132
dc.citation.epage	148
dc.type	article
dc.language.iso	en
dc.publisher	Univerzita Tomáše Bati ve Zlíně (UTB), Fakulta managementu a ekonomiky
dc.identifier.doi	10.7441/joc.2018.03.09
dc.relation.uri	https://www.cjournal.cz/index.php?hid=clanek&bid=aktualni&cid=300&cp=
dc.relation.uri	https://www.cjournal.cz/files/300.pdf
dc.subject	trade credit	en
dc.subject	bank finance	en
dc.subject	small and medium-sized enterprises	en
dc.subject	Visegrad Group	en
dc.description.abstract	This paper examines whether bank finance is a substitute or complementary to trade credit for small and medium-sized enterprises (SMEs) in the region of the Visegrad Group – the Czech Republic, Poland, Hungary, and the Slovak Republic. This paper uses the data set provided by the Business Environment and Enterprise Performance Survey that was conducted by the European Bank for Reconstruction and Development and the World Bank during the period from 2012 to 2014. Using a sample of 1,140 firms, it was discovered that firms having an overdraft facility from banks use more trade credit, and this supports the complementary theory of bank credit and trade credit. Moreover, the results suggest that companies that are younger, innovative, risky, with a concentrated ownership structure and operated by an experienced manager use more trade credit to purchase their material inputs and services. However, the results also show that service-oriented firms use less trade credit than manufacturing firms.	en
utb.faculty	Faculty of Management and Economics
dc.identifier.uri	http://hdl.handle.net/10563/1008246
utb.identifier.obdid	43878373
utb.identifier.scopus	2-s2.0-85069643998
utb.identifier.wok	000445967900010
utb.source	j-orig
dc.date.accessioned	2018-10-18T10:31:47Z
dc.date.available	2018-10-18T10:31:47Z
dc.description.sponsorship	Internal Grant Agency of FaME TBU: Financial Constraints on Economic Activities [IGA/FaME/2017/010]
dc.rights	Attribution 4.0 International
dc.rights.uri	https://creativecommons.org/licenses/by/4.0/
dc.rights.access	openAccess
utb.contributor.internalauthor	Rahman, Ashiqur
utb.fulltext.affiliation	Ashiqur Rahman, Zoltan Rozsa, Martin Cepel Contact information Contact information Ashiqur Rahman Tomas Bata University in Zlín Faculty of Management and Economics Department of Enterprise Economics Czech Republic E-mail: rahman@utb.cz Dr. Zoltan Rozsa, Ph.D School of Economics and Management in Public Administration in Bratislava Department of Management Slovakia E-mail: Zoltan.rozsa@vsemvs.sk ORCID: 0000-0002-3699-6669 Dr. Martin Cepel, Ph.D. Paneuropean University Bratislava Faculty of Economics and Business Slovakia E-mail: cepel@benzinol.com.
utb.fulltext.dates	-
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utb.fulltext.sponsorship	This study was financially supported by the Internal Grant Agency of FaME TBU IGA/FaME/2017/010: Financial Constraints on Economic Activities.
utb.wos.affiliation	[Rahman, Ashiqur] Tomas Bata Univ Zlin, Fac Management & Econ, Dept Enterprise Econ, Zlin, Czech Republic; [Rozsa, Zoltan] Sch Econ & Management Publ Adm Bratislava, Dept Management, Bratislava, Slovakia; [Cepel, Martin] Paneuropean Univ Bratislava, Fac Econ & Business, Bratislava, Slovakia
utb.scopus.affiliation	Tomas Bata University in Zlín, Faculty of Management and Economics, Department of Enterprise Economics, Czech Republic; School of Economics and Management in Public Administration in Bratislava, Department of Management, Slovakia; Paneuropean University Bratislava, Faculty of Economics and Business, Slovakia
utb.fulltext.projects	IGA/FaME/2017/010
utb.fulltext.faculty	Faculty of Management and Economics
utb.fulltext.ou	Department of Enterprise Economics
utb.identifier.jel	G21
utb.identifier.jel	G32
utb.identifier.jel	L26