Browsing Dirección Financiera by Subject "Commercial policy"

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Trade Receivables Policy of Distressed Firms and its Effect on the Cost of Financial Distress

Preve, Lorenzo; Molina, Carlos (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 ...