Poultry in Motion: A Study of International Trade Finance Practices
从理论和实证角度分析支持国际贸易的融资条款，利用美国出口商的交易数据发现，合同执行弱的国家进口商通常自行融资，但若与出口商建立关系则可克服环境限制，且融资方式影响危机冲击。
This paper theoretically and empirically analyzes the financing terms that support international trade. The choice of trade finance terms balances the risk that an importer defaults on an exporter and the possibility that an exporter does not deliver goods as specified. Analysis of transaction-level data from a US exporter reveals that importers located in countries with weak enforcement of contracts typically finance transactions, but these firms are able to overcome the constraints of such environments if they can establish a relationship with the exporter. Furthermore, the manner in which trade is financed shapes the impact of crises.