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dc.contributor.authorLezgovko, Aleksandra
dc.contributor.authorJakovlev, Andrej
dc.date.accessioned2019-04-02T06:58:48Z
dc.date.available2019-04-02T06:58:48Z
dc.identifier.issn2255-7563
dc.identifier.urihttps://repository.mruni.eu/handle/007/15741
dc.description.abstractIn today's trade, the vast majority of commercial transactions in both domestic and international trade are concluded by applying trade credit terms. The aim of this article is to analyse the trade credit insurance and, according to the methodology, to evaluate it as a credit risk management tool in the context of Lithuanian business market. The authors have proposed a methodology that combines theoretical and practical research methods. First of all, with assistance of qualitative analysis, the alternative external credit risk management tools were examined. Such analysis allows not only to identify the advantages, disadvantages and benefits of researched risk management tools but also to assess the efficiency and rationality of trade credit insurance in the context of alternative methods. In order to carry out an assessment in the practical aspect, considering the lack of statistical data, it was decided additionally to perform an expert evaluation. After performing an assessment of trade credit insurance, it was concluded that in international trade, with a large buyer portfolio and high sales volume, the trade credit insurance becomes the most effective and rational way to manage credit risk, which eliminates the losses because of the debtor's insolvency or bankruptcy, manages countries and sector's risks and helps to discipline the debtor, what determines the decline in overdue accounts frequencies, amounts and volumes.en
dc.language.isoenen
dc.publisherWarsaw: De Gruyter Open, 2017en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.titleThe Evaluation of Trade Credit Insurance in Lithuanian Business Market as a Credit Risk Management Toolen
dc.typeArticleen
dc.doi10.1515/jec-2017-0001en
dc.editorial.boardYraen
dc.identifier.alephelaba:23055823en
dc.publication.sourceEconomic and Culture. ISSN 2255-7563, 2017, Vol. 14, Iss. 1en
dc.subject.facultyEkonomikos ir verslo fakultetasen
dc.subject.facultyKitasen
dc.subject.keywordInsuranceen
dc.subject.keywordTrade credit insurance systemen
dc.subject.keywordInsurance marketen
dc.subject.publicationtypeS4en
dc.subject.sciencedirection04S - Ekonomikaen
dc.subject.sciencedirection03S - Vadybaen


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