Corporate Short-Term Financing in Europe offers a thorough analysis of how European companies manage liquidity, with a particular focus on trade credit and bank credit as key instruments. Drawing on rich cross-country data, this book examines the relationship between trade credit and short-term bank loans, analysing when firms substitute one for the other or use them together to optimise cash flow. With Europe’s financial systems ranging from bank-based systems to market-driven economies, this study uncovers how firm size, industry, and national context shape short-term financing strategies. The book also addresses how financial crises and regulatory shifts affect corporate short-term funding decisions. Combining theoretical frameworks with empirical evidence, the book provides fresh insights for academics, policymakers, financial managers and business leaders concerned with corporate liquidity, SME support and financial resilience, and practitioners involved in credit risk assessment and working capital management. Essential reading for anyone managing short-term corporate finance in today’s fast-changing environment.
By:
Julia Koralun-Bereźnicka Imprint: Routledge Country of Publication: United Kingdom Dimensions:
Height: 216mm,
Width: 138mm,
Weight: 430g ISBN:9781041171034 ISBN 10: 104117103X Series:Routledge Focus on Economics and Finance Pages: 133 Publication Date:26 November 2025 Audience:
Professional and scholarly
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College/higher education
,
Undergraduate
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Further / Higher Education
Format:Hardback Publisher's Status: Active
Introduction 1.Theoretical Aspects of Corporate Short-Term Finance 2. Trade Credit vs. Short-Term Bank Loan: Data and Methods 3.Corporate Short-Term Financing in Europe: A Study of European Companies 4. Conclusions
Julia Koralun-Bereźnicka is Associate Professor of Corporate Finance at the University of Gdańsk, Poland.