Investigating the Role of Contract Enforcement and Financial Costs on the Payment Choice: Industry-Level Evidence from Turkey

This paper examines the effect of legal and financial conditions on the payment contract choice by empirically testing the predictions of Schmidt-Eisenlohr’s (2013) model with actual bilateral industry level trade finance data (at 2-digit level) from Turkey. Our results show that an improvement in c...

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Veröffentlicht in:	Global economy journal 2016-03, Vol.16 (1), p.135-160
Hauptverfasser:	Türkcan, Kemal, Avsar, Veysel
Format:	Artikel
Sprache:	eng
Schlagworte:	contract enforcement Contracts Economic conditions Financial analysis financial costs Law method of payments Payment systems post-shipment pre-payment trade finance Turkey
Online-Zugang:	Volltext
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