El crédito comercial en el sector turísticociclo económico y factores determinantes
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Universidad de Sevilla
info
ISSN: 2386-2319
Year of publication: 2016
Volume: 3
Issue: 6
Pages: 37-45
Type: Article
More publications in: International journal of world of tourism
Abstract
Este trabajo estudia los factores determinantes del crédito comercial recibido y concedido en las pequeñas y medianas empresas del sector turístico español, prestando una especial atención a la situación económica. Para ello, se analiza una muestra de empresas utilizando la metodología de datos de panel durante el periodo 2004 - 2011, que incluye una etapa de expansión y otra de recesión. Los resultados muestran que el ciclo económico afecta significativamente al crédito comercial recibido y concedido. Ambos aumentan en la etapa de bonanza económica, y se contraen durante la crisis, afectando a la financiación de la empresa y a sus clientes.
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