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Record Nr. |
UNINA9910298513603321 |
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Autore |
Uchida Hirofumi |
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Titolo |
Interfirm Relationships and Trade Credit in Japan [[electronic resource] ] : Evidence from Micro-Data / / by Hirofumi Uchida, Arito Ono, Souichirou Kozuka, Makoto Hazama, Iichiro Uesugi |
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Pubbl/distr/stampa |
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Tokyo : , : Springer Japan : , : Imprint : Springer, , 2015 |
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ISBN |
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Edizione |
[1st ed. 2015.] |
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Descrizione fisica |
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1 online resource (92 p.) |
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Collana |
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SpringerBriefs in Economics, , 2191-5504 |
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Disciplina |
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Soggetti |
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Finance |
Leadership |
Production management |
Finance, general |
Business Strategy/Leadership |
Operations Management |
Databases. |
Japan |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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""Preface""; ""Contents""; ""About the Authors""; ""1 Interfirm Relationships and Trade Credit in Japan: Evidence from Micro-Data""; ""1 Data, Sample, and Methodology""; ""1.1 Data""; ""1.1.1 Original Data and Initial Selection""; ""1.1.2 Sample Period and Our ``Cross-Sectional'' Data""; ""1.1.3 Our Base Sample""; ""1.1.4 Financial Statement Data""; ""1.2 Methodology""; ""2 ""; ""2.1 Basic Characteristics of Our Sample Firms""; ""2.1.1 Firm Size""; ""2.1.2 Performance""; ""2.1.3 Firm Attributes""; ""2.1.4 Ownership Structure""; ""2.1.5 Region and Industry""; ""2.1.6 Credit Risk"" |
""2.1.7 Financial Ratios""""2.2 Comparison with Other Surveys""; ""2.3 Univariate Analysis of the Borrowing Ratio and the Interest Rate""; ""3 Interfirm Trade and ""; ""3.1 Trade Counterparts""; ""3.2 Trade Credit Practice in Japan""; ""3.3 (for Firms as Payers)""; ""3.3.1 Composition""; ""3.3.2 Univariate Analysis (1): Cash""; ""3.3.3 Univariate Analysis (2): Promissory Bills""; ""3.3.4 Univariate Analysis (3): Bill Endorsement""; |
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""3.3.5 Univariate Analysis (4): Setting-Off""; ""3.3.6 Univariate Analysis (5): Prepayment""; ""3.4 (for Firms as Payees)""; ""3.4.1 Composition"" |
""3.4.2 Univariate Analysis (1): Cash""""3.4.3 Univariate Analysis (2): Promissory Bills""; ""3.4.4 Univariate Analysis (3): Setting-Off""; ""3.4.5 Univariate Analysis (4): Prepayment""; ""3.5 Trade Credit Days""; ""3.5.1 Closing Day""; ""3.5.2 Payment Day""; ""3.6 Credit Period""; ""3.6.1 Length of Payment Period ()""; ""3.6.2 Univariate Analysis of Payment Period (Contracted Term)""; ""3.6.3 Length of Credit Period ()""; ""3.6.4 Univariate Analysis of Credit Period (Actual Term)""; ""3.7 Trade Credit Volume""; ""3.7.1 Descriptive Statistics for Trade Credit Volume"" |
""3.7.2 Univariate Analysis of Trade Credit Volume""""3.8 Bills Discounted""; ""3.8.1 Descriptive Statistics for ""; ""3.8.2 Univariate Analysis of the Use of Bills Discounted""; ""3.9 Factoring""; ""4 Legal System Relevant to Interfirm Relationships in Japan""; ""4.1 Regulation on Payment Terms by the Subcontracting Act""; ""4.2 Price Discrimination and the Antimonopoly Act""; ""4.3 The Retention of Title""; ""4.4 Protection of Creditors Under the Companies Act""; ""5 Conclusion""; ""References""; ""Index"" |
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Sommario/riassunto |
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This is the first book to report the details of the current status of interfirm relationships in Japan. Based on a unique data set of firms, the authors describe the characteristics of interfirm transactions in a manner unprecedented in the literature. Special emphasis is placed on the nature of payment/collection between firms. Payment for interfirm transactions is usually made on account, or by payment after delivery, rather than by immediate payment. Thus, most interfirm transactions are accompanied by a provision of credit (i.e., lending/borrowing) from a seller to a buyer, referred to as trade credit. Although trade credit is used all around the world and accounts for a large portion of firms’ balance sheets, researchers, lacking detailed data, have long encountered serious difficulty in clarifying how and why firms use trade credit. In this work the authors use a huge, unique data set of about 380,000 firms in Japan during the 2007–2010 period. To grasp the entirety of this enormous data set, which is tantamount to a picture of all firms currently operating in Japan, this brief summarizes descriptive statistics and conducts univariate analyses of the data. Also provided is the legal background of trade credit practice in Japan from the “law and economics” perspective. In this manner, the book furnishes vital information that can be used as a reference for future theoretical and empirical analyses of trade credit and interfirm relationships. |
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