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Possible Factors Behind Dicrepancies in Export LC Documents: a Survey of ICI-500 Companies in Turkey

Archives of Business Research

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Field Value
 
Title Possible Factors Behind Dicrepancies in Export LC Documents: a Survey of ICI-500 Companies in Turkey
 
Creator kula, veysel
 
Description Letter of credit (LC) is a frequently used payment mechanism in international trade and is traditionally regarded as the assurance of payment for the exporter. LC process requires exporters to submit to banks documents that are in compliance with the terms of LC. Strict compliance principle mostly results in the rejection of the documents by the banks, thus jeopordazing the collection of the proceeds of the sales by the exporters. Drawn on the data obtained through survey from 460 ICI 500 list companies in Turkey, this study attemts to explore the possible reasons behind the discrepancies in the documents presented by the exporters. Ordered logit regression analysis results indicate that the tendency of importers to waive, as perceived by exporters, to waive discrepancies and the difficulties in complying with sales contract terms have statistically significant positive relationship with the extent of discrepancies. On the other hand, competency of the export personnel results in lesser amount of discrepancy.
 
Publisher Archives of Business Research
 
Contributor Scientific Research Commission of Afyon Kocatepe University, Turkey, under the project No:11IIBF01
 
Date 2015-03-01
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.scholarpublishing.org/index.php/ABR/article/view/862
10.14738/abr.31.862
 
Source Archives of Business Research; Vol 3, No 1 (2015): Archives of Business Research
2054-7404
10.14738/abr.31.2015
 
Language eng
 
Relation http://www.scholarpublishing.org/index.php/ABR/article/view/862/545