The commercial credit is both marketing and a financial operation that influences in a great deal the financial results of the period. The companies follow the increase of sales turnover as a result of instating the commercial credit, seen as an investment which will contribute to the...

Based on a modified version of the model used in Corvoisier and Gropp (2002) and De Guevara et al. (2005), we argue that banks' soundness, the structural characteristics and efficiency of the banking sector along with the development of the capital markets constitute a financial nexus. For a...