El crédito comercial en el sector turísticociclo económico y factores determinantes

  1. Francisco-Javier Canto-Cuevas 1
  2. María-José Palacín-Sánchez 1
  3. Filippo di Pietro 1
  1. 1 Universidad de Sevilla

    Universidad de Sevilla

    Sevilla, España

    ROR https://ror.org/03yxnpp24

International journal of world of tourism

ISSN: 2386-2319

Year of publication: 2016

Volume: 3

Issue: 6

Pages: 37-45

Type: Article

DOI: 10.12795/IJWT.2016.I06.04 DIALNET GOOGLE SCHOLAR lock_openOpen access editor

More publications in: International journal of world of tourism


This work studies the determinant factor of trade credit received and granted in medium-sized enterprises belonging to Spanish tourism sector, with special attention to economic situation. To do this, we analyze a sample of firms using the panel data methodology during the years 2004-2011, a period that includes one phase of expansion and another of recession. The results show that the economic cycle significantly affects trade credit received and granted. Therefore, both increase in the period of economic boom, and contract during crisis, which affects the financing of firms and its customers.

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