<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-718X</journal-id>
<journal-title><![CDATA[El trimestre económico]]></journal-title>
<abbrev-journal-title><![CDATA[El trimestre econ]]></abbrev-journal-title>
<issn>2448-718X</issn>
<publisher>
<publisher-name><![CDATA[Fondo de Cultura Económica]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-718X2015000300559</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Crédito de proveedores, tamaño de empresa e informalidad]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Cotler]]></surname>
<given-names><![CDATA[Pablo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Iberoamericana Departamento de Economía ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2015</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2015</year>
</pub-date>
<volume>82</volume>
<numero>327</numero>
<fpage>559</fpage>
<lpage>582</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-718X2015000300559&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-718X2015000300559&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-718X2015000300559&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen La penetración bancaria en México es de las más bajas de América Latina. Asimismo, la importancia relativa del crédito comercial es muy alta. Estos dos hechos llevan a muchos a interpretar que el desproporcionado peso del crédito de proveedores es reflejo de una banca que presta muy poco. Al mismo tiempo se considera que es ésta la razón por la cual los principales usuarios del crédito de proveedores son las empresas pequeñas, informales y con bajo acceso al financiamiento bancario. Con base en los datos de una encuesta nacional se muestra que estos estereotipos no necesariamente son los correctos.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Compared to Latin American countries, bank penetration in Mexico is very low and trade credit is a very important source of financing. Taking these facts into account, conventional wisdom suggests that trade credit is important because banks lend too little to small and medium firms. Using data provided by a recent national survey in Mexico we find that -contrary to conventional wisdom- the most likely firms to use trade credit are big, formal and with access to banking credit. Further, once we analyze the determinants of the value of trade credit we find that informality also affects the value of such type of financing.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[crédito de proveedores]]></kwd>
<kwd lng="es"><![CDATA[bancos]]></kwd>
<kwd lng="es"><![CDATA[México]]></kwd>
</kwd-group>
</article-meta>
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