Product quality and payment policy

被引：21

作者：

Emery G.W. ^{[1
]}

Nayar N. ^{[1
]}

机构：

[1] College of Business Administration, University of Oklahoma, Norman

来源：

Review of Quantitative Finance and Accounting | 1998年 / 10卷 / 3期

关键词：

Payment terms; Product quality; Supplier credit; Trade credit;

D O I：

10.1023/A:1008201701163

中图分类号：

学科分类号：

摘要：

This paper provides a theoretical explanation for the choice of payment terms under which a company sells its products. In our model, these terms are chosen to permit sellers or buyers to specialize at repairing defects if they are equally well-informed about quality or if one has significantly lower repair costs than the other. Otherwise, the terms are chosen to signal product quality. We also develop the empirical implications of this theory by predicting a seller's choice of payment terms based on the characteristics of its product market. © 1998 Kluwer Academic Publishers.

引用

页码：269 / 284

页数：15

共 11 条

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