- Alphonse, P., Ducret, J., & Séverin, E. (2004). When trade credit facilitates access to bank finance: Evidence from US small business data (EFMA 2004 Basel Meetings Paper). Retrieved from https://ssrn.com/abstract=462660.
Paper not yet in RePEc: Add citation now
Altman, E. I. (1968). Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. The Journal of Finance, 23(4), 589–609.
- Anser, R., & Malik, A. M. (2013). Cash conversion cycle and firm's profitability – A study of listed manufacturing companies of Pakistan. Journal of Business and Management, 8(2), 83–87.
Paper not yet in RePEc: Add citation now
Asquith, P., Gertner, R., & Scharfstein, D. (1994). Anatomy of financial distress: An examination of junk‐bond issuers. The Quarterly Journal of Economics, 109(3), 625–658.
- Baños‐Caballero, S., García‐Teruel, P. J., & Martínez‐Solano, P. (2010). Working capital management in SMEs. Accounting and Finance, 50(3), 511–527.
Paper not yet in RePEc: Add citation now
- Baños‐Caballero, S., García‐Teruel, P. J., & Martínez‐Solano, P. (2012). The speed of adjustment in working capital requirement. The European Journal of Finance, 19(10), 978–992.
Paper not yet in RePEc: Add citation now
Beck, T., & Levine, R. (2002). Industry growth and capital allocation: Does having a market‐ or bank‐based system matter. Journal of Financial Economics, 64(2), 147–180.
Beck, T., Demirgüc‐Kunt, A., & Singer, D. (2013). Is small beautiful? Financial structure, size and access to finance. World Development, 52, 9–33.
- Begley, J., Ming, J., & Watts, S. (1996). Bankruptcy classification errors in the 1980s: An empirical analysis of Altman's and Ohlson's models. Review of Accounting Studies, 1(4), 267–284.
Paper not yet in RePEc: Add citation now
Berger, A. N., & Udell, G. F. (1998). The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle. Journal of Banking & Finance, 22(6), 613–673.
Berger, A. N., Klapper, L. F., & Udell, G. F. (2001). The ability of banks to lend to informationally opaque small businesses. Journal of Banking & Finance, 25(12), 2127–2167.
Biais, B., & Gollier, C. (1997). Trade credit and credit rationing. The Review of Financial Studies, 10(4), 903–937.
Bougheas, S., Mateut, S., & Mizen, P. (2009). Corporate trade credit and inventories: New evidence of a trade‐off from accounts payable and receivable. Journal of Banking & Finance, 33(2), 300–307.
Brennan, M. J., Maksimovic, V., & Zechner, J. (1988). Vendor financing. The Journal of Finance, 43(5), 1127–1141.
- Burgstahler, D. C., Hail, L., & Leuz, C. (2006). The importance of reporting incentives: Earnings management in European private and public firms. The Accounting Review, 81(5), 983–1016.
Paper not yet in RePEc: Add citation now
Campbell, J. Y. (1996). Understanding risk and return. Journal of Political Economy, 104(2), 298–345.
Chang, K., & Noorbakhsh, A. (2009). Does national culture affect international corporate cash holdings? Journal of Multinational Financial Management, 19(5), 323–342.
- Charitou, M. S., Elfani, M., & Lois, P. (2010). The effect of working capital management on firm's profitability: Empirical evidence from an emerging market. Journal of Business & Economics Research, 8(12), 63–68.
Paper not yet in RePEc: Add citation now
- Degryse, H., de Goeiji, P., & Kappert, P. (2012). The impact of firm and industry characteristics on small firms' capital structure. Small Business Economics, 38(4), 431–447.
Paper not yet in RePEc: Add citation now
Deloof, M. (2003). Does working capital management affect profitability of Belgian firms? Journal of Business Finance and Accounting, 30(3‐4), 573–587.
- Demirgüc‐Kunt, A., & Maksimovic, V. (1998). Law, finance, and firm growth. The Journal of Finance, 53(6), 2107–2137.
Paper not yet in RePEc: Add citation now
Demirgüc‐Kunt, A., & Maksimovic, V. (2001. October). Firms as financial intermediaries: Evidence from trade credit data (Vol. 2696) (World Bank, Development Research Group). Retrieved from http://documents.worldbank.org/curated/en/973231468767093690/110510322_20041117161023/additional/multi0page.pdf.
- Ernst & Young. (2009). All tied up: Working capital management report 2009, EYGM limited. Retrieved from http://www.ey.com/Publication/vwLUAssets/All_tied_up_-_Working_capital_management_report_2011/$FILE/All_tied_up_2011_A4.pdf.
Paper not yet in RePEc: Add citation now
- Etiennot, H., Preve, L. A., & Allende, V. S. (2012). Working capital management: An exploratory study. Journal of Applied Finance, 22(1), 162–175.
Paper not yet in RePEc: Add citation now
Fabbri, D., & Klapper, L., (2008). Market power and the matching of trade credit terms (World Bank Policy Research Working Paper Series). Retrieved from https://ssrn.com/abstract=1293167.
Fan, J. P. H., Titman, S., & Twite, G. (2012). An international comparison of capital structure and debt maturity choices. Journal of Financial and Quantitative Analysis, 47(1), 23–56.
Ferris, J. S. M. (1981). A transactions theory of trade credit use. The Quarterly Journal of Economics, 96(2), 243–270.
- Filbeck, G., Kruger, T., & Preece, D. (2007). CFO magazine's “working capital survey”: Do selected firms work for shareholders? Quarterly Journal of Business and Economics, 46(2), 3–22.
Paper not yet in RePEc: Add citation now
Fisman, R., & Love, I. (2003). Trade credit, financial intermediary development, and industry growth. The Journal of Finance, 58(1), 353–374.
- Frank, M., & Maksimovic, V. (2005). Trade credit, collateral and adverse selection. Retrieved from https://ssrn.com/abstract=87868.
Paper not yet in RePEc: Add citation now
- García‐Teruel, P. J., & Martínez‐Solano, P. (2007). Effects of working capital management on SME profitability. International Journal of Managerial Finance, 3(2), 164–177.
Paper not yet in RePEc: Add citation now
García‐Teruel, P. J., & Martínez‐Solano, P. (2010). A dynamic approach to accounts receivable: A study of Spanish SMEs. European Financial Management, 16(3), 400–421.
Garcia, J. F. L., Da Silva, M., Francisco, V., & Brandão, E. F. M. (2011. November). The impact of working capital management upon companies' profitability: Evidence from European companies (FEP Working Papers No. 438). Retrieved from https://ssrn.com/abstract=2165210.
- Gitman, L. J. (1974). Estimating corporate liquidity requirements: A simplified approach. The Financial Review, 9(1), 79–88.
Paper not yet in RePEc: Add citation now
Hawawini, G., Viallet, C., & Vora, A. (1986). Industry influence on corporate working capital decisions. Sloan Management Review, 27(4), 15–24.
Hill, M. D., Kelly, G., & Highfield, M. J. (2010). Net operating working capital behavior: A first look. Financial Management, 39(2), 783–805.
- Intrum Justitia. (2013). European payment index 2013. Retrieved from http://intrumjustitia‐mpr.creo.tv/dl/o/k2WumAJo7wCYioBI‐nMiJg.
Paper not yet in RePEc: Add citation now
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360.
- Johnsen, P. C., & McMahon, R. G. P. (2005). Cross‐industry differences in SME financing behaviour: An Australian perspective. Journal of Small Business and Enterprise Development, 12(2), 160–177.
Paper not yet in RePEc: Add citation now
Kashyap, A. K., Stein, J. C., & Wilcox, D. W. (1993). Monetary policy and credit conditions: Evidence from the composition of external finance. The American Economic Review, 83(1), 78–98.
Kestens, K., Van Cauwnberge, P., & Bauwhede, H. (2012). Trade credit and company performance during the 2008 financial crisis. Accounting and Finance, 52(4), 1125–1151.
- Kieschnick, R., LaPlante, M., & Moussawi, R. (2006). Corporate working capital management: Determinants and consequences. International Journal of Managerial Finance, 3(2), 164–177.
Paper not yet in RePEc: Add citation now
La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. (2000). Investor protection and corporate governance. Journal of Financial Economics, 58(1), 3–27.
La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. W. (1998). Law and finance. Journal of Political Economy, 106(6), 1113–1155.
Lee, Y. W., & Stowe, J. D. (1993). Product risk, asymmetric information, and trade credit. Journal of Financial and Quantitative Analysis, 28(2), 285–300.
Marotta, G. (1997). Does trade credit redistribution thwart monetary policy? Evidence from Italy. Applied Economics, 29(12), 1619–1629.
- Meltzer, A. H. (1960). Mercantile credit, monetary policy, and size of firms. The Review of Economics and Statistics, 42(4), 429–437.
Paper not yet in RePEc: Add citation now
Mian, S. L., & Smith, C. W., Jr. (1992). Accounts receivable management policy: Theory and evidence. The Journal of Finance, 47(1), 169–200.
Molina, C. A., & Preve, L. A. (2009). Trade receivables policy of distressed firms and its effect on the costs of financial distress. Financial Management, 38(3), 663–686.
Nilsen, J. H. (2002). Trade credit and the bank lending channel. Journal of Money, Credit, and Banking, 34(1), 226–253.
Niskanen, J., & Niskanen, M. (2006). The determinants of corporate trade credit policies in a bank‐dominated financial environment: The case of Finnish small firms (European Financial Management 1281) (pp. 81–102).
Ohlson, J. A. (1980). Financial ratios and the probabilistic prediction of bankruptcy. Journal of Accounting Research, 18(1), 109–131.
- Padachi, K. (2006). Trends in working capital management and its impact on firms' performance: An analysis of Mauritian small manufacturing firms. International Review of Business Research Papers, 2(2), 45–58.
Paper not yet in RePEc: Add citation now
Petersen, M. A., & Rajan, R. G. (1997). Trade credit: Theories and evidence. The Review of Financial Studies, 10(3), 661–691.
Pinkowitz, L., Stulz, R., & Williamson, R. (2006). Does the contribution of corporate cash holdings and dividends to firm value depend on governance? A cross‐country analysis. The Journal of Finance, 61(6), 2725–2751.
- Raheman, A., & Nasr, M. (2007). Working capital management and profitability – Case of Pakistani firms. International Review of Business Research Papers, 3(1), 279–300.
Paper not yet in RePEc: Add citation now
Rajan, R. G., & Zingales, L. (1995). What do we know about capital structure? Some evidence from international data. The Journal of Finance, 50(5), 1421–1460.
- Richards, V. D., & Laughlin, E. J. (1980). A cash conversion cycle approach to liquidity analysis. Financial Management, 9(1), 32–38.
Paper not yet in RePEc: Add citation now
- Samiloglu, F., & Demirgunes, K. (2008). The effect of working capital management on firm profitability: Evidence from Turkey. The International Journal of Applied Economics and Finance, 2(1), 44–50.
Paper not yet in RePEc: Add citation now
- Shin, H.‐H., & Soenen, L. (1998). Efficiency of working capital management and corporate profitability. Financial Practice and Education, 8(2), 37–45.
Paper not yet in RePEc: Add citation now
- Weinraub, H. J., & Visscher, S. (1998). Industry practice relating to aggressive conservative working capital policies. Journal of Financial and Strategic Decisions, 11(2), 11–18.
Paper not yet in RePEc: Add citation now
- Wesley, O. N., Musiega, M. G., Douglas, M., & Atika, M. G. (2013). Working capital management and corporate performance. Special reference to manufacturing firms on Nairobi Securities Exchange. International Journal of Innovative Research and Development, 2(9), 177–183.
Paper not yet in RePEc: Add citation now