{"id":103100,"date":"2018-03-11T10:25:31","date_gmt":"2018-03-11T10:25:31","guid":{"rendered":"https:\/\/www.deberes.net\/tesis\/sin-categoria\/a-trade-credit-explanation-based-on-the-agency-theory-legal-factors-and-credit-contagion\/"},"modified":"2018-03-11T10:25:31","modified_gmt":"2018-03-11T10:25:31","slug":"a-trade-credit-explanation-based-on-the-agency-theory-legal-factors-and-credit-contagion","status":"publish","type":"post","link":"https:\/\/www.deberes.net\/tesis\/gestion-financiera\/a-trade-credit-explanation-based-on-the-agency-theory-legal-factors-and-credit-contagion\/","title":{"rendered":"A trade credit explanation based on the agency theory, legal factors and credit contagion"},"content":{"rendered":"<h2>Tesis doctoral de <strong> Rafael Rabelo Bastos <\/strong><\/h2>\n<p>El cr\u00e9dito comercial es la financiaci\u00f3n proporcionada por una firma vendedora hacia sus clientes. A pesar de que su uso presenta variaciones entre empresas ubicadas en distintos pa\u00edses, generalmente representa una gran parte de los activos totales. Algunas veces alcanzan a los 25%. Con el intento de avanzar un poco m\u00e1s en la investigaci\u00f3n sobre la pol\u00edtica de cr\u00e9dito comercial de las empresas esta investigaci\u00f3n fue dividida en tres partes. La primera parte propone que la relaci\u00f3n entre la empresa vendedora y su cliente consiste en una relaci\u00f3n de agencia. Esta relaci\u00f3n es caracterizada por la presencia de dos fen\u00f3menos, la selecci\u00f3n adversa y el riesgo moral. La selecci\u00f3n adversa ocurre cuando hay ex-ante asimetr\u00edas informativas entre vendedores y compradores. En este caso los clientes no conocen verdaderamente la calidad y las caracter\u00edsticas de los productos que est\u00e1n adquiriendo. El riesgo moral ocurre cuando, en la presencia de asimetr\u00edas informativas, los vendedores no conocen la calidad crediticia de los compradores, lo que causa un aumento en la posibilidad de la relaci\u00f3n contractual no ser cumplida por el cliente. En esa parte de investigaci\u00f3n se utiliza una muestra de 336 empresas del reino unido. La segunda parte de la investigaci\u00f3n a\u00f1ade al modelo de agencia algunos aspectos del entorno legal de los pa\u00edses. En esa etapa plantease que altos niveles de protecci\u00f3n a los acreedores y normas contables de alta calidad mitigan el efecto negativo del riesgo moral en la oferta de cr\u00e9dito comercial. La muestra utilizada incluye 1.213 empresas de 13 pa\u00edses. En la tercera parte de la investigaci\u00f3n hemos buscado evidencias de contagio en el cr\u00e9dito comercial entre empresas y sus proveedores durante los per\u00edodos de crisis econ\u00f3micas. En esa parte de la investigaci\u00f3n fueron utilizados datos de 147 empresas de argentina, brasil y turqu\u00eda.<\/p>\n<p>&nbsp;<\/p>\n<h3>Datos acad\u00e9micos de la tesis doctoral \u00ab<strong>A trade credit explanation based on the agency theory, legal factors and credit contagion<\/strong>\u00ab<\/h3>\n<ul>\n<li><strong>T\u00edtulo de la tesis:<\/strong>\u00a0 A trade credit explanation based on the agency theory, legal factors and credit contagion <\/li>\n<li><strong>Autor:<\/strong>\u00a0 Rafael Rabelo Bastos <\/li>\n<li><strong>Universidad:<\/strong>\u00a0 Salamanca<\/li>\n<li><strong>Fecha de lectura de la tesis:<\/strong>\u00a0 19\/07\/2010<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Direcci\u00f3n y tribunal<\/h3>\n<ul>\n<li><strong>Director de la tesis<\/strong>\n<ul>\n<li>Julio Pindado Garcia<\/li>\n<\/ul>\n<\/li>\n<li><strong>Tribunal<\/strong>\n<ul>\n<li>Presidente del tribunal: Juan  Carlos Gomez sala <\/li>\n<li>enrique Lopez gonzalez (vocal)<\/li>\n<li>Jos\u00e9 Lopez gracia (vocal)<\/li>\n<li>Alberto de Miguel hidalgo (vocal)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesis doctoral de Rafael Rabelo Bastos El cr\u00e9dito comercial es la financiaci\u00f3n proporcionada por una firma vendedora hacia sus clientes. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1698,9386],"tags":[154564,9070,133444,12226,9808,208907],"class_list":["post-103100","post","type-post","status-publish","format-standard","hentry","category-gestion-financiera","category-salamanca","tag-alberto-de-miguel-hidalgo","tag-enrique-lopez-gonzalez","tag-jose-lopez-gracia","tag-juan-carlos-gomez-sala","tag-julio-pindado-garcia","tag-rafael-rabelo-bastos"],"_links":{"self":[{"href":"https:\/\/www.deberes.net\/tesis\/wp-json\/wp\/v2\/posts\/103100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.deberes.net\/tesis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.deberes.net\/tesis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.deberes.net\/tesis\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.deberes.net\/tesis\/wp-json\/wp\/v2\/comments?post=103100"}],"version-history":[{"count":0,"href":"https:\/\/www.deberes.net\/tesis\/wp-json\/wp\/v2\/posts\/103100\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.deberes.net\/tesis\/wp-json\/wp\/v2\/media?parent=103100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.deberes.net\/tesis\/wp-json\/wp\/v2\/categories?post=103100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.deberes.net\/tesis\/wp-json\/wp\/v2\/tags?post=103100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}