Danh mục

Journal of Applied Corporate Finance

Số trang: 12      Loại file: pdf      Dung lượng: 188.71 KB      Lượt xem: 23      Lượt tải: 0    
Hoai.2512

Xem trước 2 trang đầu tiên của tài liệu này:

Thông tin tài liệu:

Most discussions of corporate financing policy focus on long-termliabilities such as common stock, preferred stock, debentures,loans, and leases. Yet trade credit—credit extended by a sellerwho allows delayed payment for its products—represents a substantial component of both corporate liabilities and assets, especially in thecase of middle-market companies. For the 3,350 non-financial Nasdaq firmscovered by COMPUSTAT, accounts receivable amounted to 19% of corporateassets, and accounts payable were 26% of corporate liabilities, at the end of 1992.Trade credit thus represents both a material use of corporate resources and animportant source of funds....
Nội dung trích xuất từ tài liệu:
Journal of Applied Corporate Finance

Tài liệu được xem nhiều: