Tài liệu Journal of Applied Corporate Finance

Journal of Applied Corporate Finance (12 pages)
Morgan Stanley
Extending Trade Credit and Financing Receivables
by Shehzad L. Mian,
Emory University, and
Clifford W. Smith, Jr.,
University of Rochester
Most discussions of corporate financing policy focus on long-term liabilities such as common stock, preferred stock, debentures, loans, and leases. Yet trade credit—credit extended by a seller who allows delayed payment for its products—represents a substantial component of both corporate liabilities and assets, especially in the case of .