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Trade Credit in Zimbabwean Manufacturing.

Abstract:

Credit from supplies is an important but often neglected source of finance for manufacturing firms. Zimbabwe is no exception. Unlike credit from financial institutions, trade credit does not rely on formal collateral but on trust and reputation. Contract enforcement is flexible. Network effects and statistical discrimination affect the screening of trade credit applicants. Black entrepreneurs are disadvantaged by their lack of business contacts and by the difficulty of distinguishing themselv...

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Authors


Marcel Fafchamps More by this author
Journal:
World Development
Volume:
25
Publication date:
1997
URN:
uuid:9a15a244-a90f-499a-b17e-c185a3e0c189
Local pid:
oai:economics.ouls.ox.ac.uk:11513
Language:
English

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