Notice of RetractionThe characteristics of Small and Medium-sized Enterprises´ trade credit — Evidence from SMEs in Beijing, China

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Trade credit is prevalent in business and plays an important role in Small and Medium-sized Enterprises (SMEs) short-term financing. Based on the sampling survey on the SMEs in Beijing, China, this paper carries out a comprehensive study on the characteristics of SMEs´ trade credit, which include trade credit counterparties, forms, terms and levels. Moreover, the results of empirical analysis corroborate the existence of “Trade Credit Transfer Activity” in SMEs´ business operation. It may provide a new perspective on SMEs´ financing and credit risk management.