Empirical Evidence About Payment Term Extensions in the Reverse Factoring Context
研究了反向保理中买方延长付款期限的三个动机（融资成本、公平性和标准化），并提供了实证证据，证实了这三个动机的存在，扩展了以往仅关注融资成本的分析研究。
Reverse factoring (RF) is a highly relevant form of supply chain finance. Whereas extant analytical studies indicate how RF should enable buyers to extend payment terms, sufficient empirical evidence is lacking. To hypothesize on payment term extensions, we study three motives—financing cost, fairness, and standardization. Our empirical evidence indicates the presence of all three. It extends former analytical work on RF adoption revolving around the financing cost motive only.