This paper investigates the impact of business strategy on firms' trade credit policies. We find that firms following an innovation-oriented strategy (prospectors) offer significantly more trade credit to their customers than those following an efficiency-oriented strategy (defenders),...

ch. 1. The internal and external failure of accounting -- ch. 2. The inadequacy of traditional accounting -- ch. 3. Feedback failures and the need for a new accounting -- ch. 4. The stakeholder knowledge network -- ch. 5. Accounting for distributed knowledge -- ch. 6. Distributed risk -- ch. 7....