This paper examines the linkage between working capital management and corporate
performance for a sample of non-financial UK companies. In contrast to previous studies, the …

This paper analyzes the relation between working capital management and profitability for
small and medium-sized enterprises (SMEs) by controlling for unobservable heterogeneity …

La literatura sobre el crédito comercial revela la falta de una teoría general de este tipo de
crédito, siendo diversos los modelos que se han planteado y contrastado para justificar su …

This paper provided a pure financial explanation for the existence of trade credit and for the
values of the credit terms offered to customers. Two motives for extending trade credit were …

We provide the first empirical study of the relationship between corporate working capital
management and shareholders' wealth. Examining US corporations from 1990 through …

This paper develops a positive theory of trade credit based on its use as a financial
response to deterministic variations in demand. The operating alternatives to trade credit …

Financial literature discusses the motives for trade credit provision by suppliers in depth.
However, there is no empirical evidence of the effect of granting trade credit on the …

This paper presents a financial statement analysis that distinguishes leverage that arises in
financing activities from leverage that arises in operations. The analysis yields two …

Trade credit finance and credit management are gradually gaining the research attention an
area of such importance merits. One area, still far from resolved, is why trade credit is …

The primary objective here is to update the state of the art of SRFM. A three-dimensional
problem space highlights the basic concepts used in SRFM research and model building …