Showing 1 - 6 of 6
This paper provides the first detailed empirical study on the use of prepayments by firms. Our results based on large panels of French firms support the Daripa and Nilsen (2011) production subsidy theory of prepayment, according to which customers prepay their suppliers when these would...
Persistent link: https://www.econbiz.de/10009650178
argue that the stage of fabrication of inventories can affect the incentives to offer and take up trade credit, an important …
Persistent link: https://www.econbiz.de/10010678170
Our paper focuses on testing the advantages in controlling the buyer and salvaging goods supplied where we have information on the nature of the transacted good and information on the inventory of buyers and sellers. We find transactions in specialized goods tend to be conducted more often using...
Persistent link: https://www.econbiz.de/10009144344
constraints to the flow of funds can generate the frequently overlooked fact that investment in input inventories leads investment …
Persistent link: https://www.econbiz.de/10008862655
What is the role of inventories in UK manufacturing? We present and estimate a model of inventories that considers … separately finished goods and input (i.e. the sum of raw materials and work-in-process) inventories. We estimate structural … parameters which allows us to make inferences on the role of inventories in cyclical frequencies. Our results suggest that both …
Persistent link: https://www.econbiz.de/10008871022
financial trade-offs. In this paper, we consider the trade-offs with inventories and develop a simple model that recognizes the … receivable to changes in the cost of inventories, profitability, risk and liquidity, and importantly, this influence operates …
Persistent link: https://www.econbiz.de/10008871025