Bakker, Marie H. R.; Klapper, Leora; Udell, Gregory F. - 2013
its growth. They also examine the role of factoring in the eight Eastern European countries that became EU members on May … 1, 2004-the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, the Slovak Republic, and Slovenia, referred to … as the EU 8. The authors conclude that factoring offers key advantages over other lending products and is likely to …