Article information
RESUMEN
La literatura sobre el crédito comercial revela la falta de una teoría general de este tipo de crédito, siendo diversos los modelos que se han planteado y contrastado para justificar su utilización. Este trabajo ofrece una vision clara y completa sobre este instrumento de financiación, al mismo tiempo que informa de los aspectos menos consensuados en la literatura, posibilitando, así, la investigación futura. Asimismo, el artículo es el primero que recoge, exhaustivamente, la vinculación que en la literatura se ha realizado entre la política monetaria y el crédito comercial, aspecto éste que está generando una emergente corriente de investigación.
PALABRAS CLAVE:
Crédito comercial
Costes de transacción
Discriminación de precios
Información asimétrica
Insolvencia
ABSTRACT
Economic literature reveals a lack of a general theory on trade credit. This paper reviews the main theoretical and empirical contributions providing a simple but complete guide to researchers. Likewise, future research is encouraged by showing the puzzled and less explored features of trade credit. Moreover, this study is novel in reviewing the linking between trade credit and monetary restrictions, providing some light to the emerging literature on the role of trade credit in the transmission of monetary policy.
KEYWORDS:
Trade credit
Transaction costs
Price discrimination
Asymmetric information
Default
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Quiero agradecer a Manuel Navarro y a Juan Acosta sus comentarios y su apoyo en la realización de esta investigación.
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