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Trade Receivables Policy of Distressed Firms and its Effect on the Cost of Financial Distress
(Financial Management, 2009)
This paper studies the trade receivables policy of distressed firms as the trade-off between the firm's willingness to gain sales and the firm's need for cash. We find that firms increase trade receivables when they have ...
Trade credit and bank credit: Evidence from recent financial crises
("Financial Market Development and emerging and transition economies. Hyderabad, India. ", 2003)
This paper studies the effect of financial crises on trade credit for a sample of 890 firms in six emerging economies. Although the provision of trade credit increases right after a crisis, it contracts in the following ...
An empirical analysis of the effect of financial distress on trade credit
(Financial Management Association Annual Meeting, Denver., 2003)
This paper studies the use of supplier's trade credit by firms in financial distress. Trade credit represents a large portion of firms’ short-term financing and plays an important role in financial distress. We find that ...