Financial Contracting and Organizational Form: Evidence from the Regulation of Trade Credit

2017 ◽  
Vol 72 (1) ◽  
pp. 291-324 ◽  
Author(s):  
EMILY BREZA ◽  
ANDRES LIBERMAN
Keyword(s):  
Trade Credit ◽  
Organizational Form ◽  
Financial Contracting

Legal Form of Joint-stock Companies and Corporate Performance in Russia

2007 ◽  
pp. 112-123
Author(s):  
I. Iwasaki
Keyword(s):  
Organizational Behavior ◽  
Organizational Form ◽  
Institutional Setting ◽  
Federal Law ◽  
Legal Form ◽  
Empirical Relations ◽  
Organizational Choice ◽  
Legal Forms ◽  
Joint Enterprise ◽  
Enterprise Survey

Basing on the results of a Russia-Japan joint enterprise survey conducted in 2005, the paper examines the legal-organizational form of joint-stock companies (JSCs) in Russia. The Federal Law on joint-stock companies stipulates that JSCs should be established in one of the two different legal forms, namely "open" or "closed" companies that provide a unique institutional setting for Russian firms from the viewpoint of their corporate governance. The paper deliberates the determinants of organizational choice between these two legal forms. Then it examines empirical relations between the legal forms of JSCs and their organizational behavior.

Trade Credit Contracts

2011 ◽  
Author(s):  
Leora Klapper ◽  
Luc Laeven ◽  
Raghuram Rajan
Keyword(s):  
Trade Credit ◽  
Credit Contracts

Banks, Firms and Trade Finance Infrastructure in Albania

2016 ◽  
Vol 1 (4) ◽  
pp. 192
Author(s):  
Dorina Çumani
Keyword(s):  
International Trade ◽  
Trade Credit ◽  
Critical Role ◽  
Political Risk ◽  
Risk Profile ◽  
Trade Finance ◽  
Domestic Trade ◽  
Business Opportunities ◽  
Political Unrest ◽  
Risk Situation

Firms engaged in international trade face tosome risks, which are either not present or less present for the domestic trade. All, firms- SMEs or Companies contain elements of risk, but when they trade internationally, the risk profile is different than trading home. These include commercial risk, political risk, exchange and the country risks, such asthe possibility ofwar, political unrest, or unexpected import bans or tariffs, act. Banks play a critical role in facilitating international trade by guaranteeing international payments and reducing the risk of trade transactions in exports or imports. The effect of insured trade credit on trade is very strong and remains stable over the cycle, in crisis and non-crisis periods (WTO, 2012). By shortening the time of production, delivery, approved credit, the risk situation can be improved and in the same way as liquidity and profitability (Anders Grath 2008). If Albanian traders control the risks they can expanding exports into new markets and it can be very profitable. Using trade finance and reducing risks Albanian firms will be able to develop and take advantage of business opportunities. The trade finance infrastructure of Albaniaisthe institutions, laws, regulations and other systems related to the following three activities

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