The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Accounts Receivable Management Policy: Theory and Evidence
Abstract
This paper develops and tests hypotheses that explain the choice of accounts receivable management policies. The tests focus on both cross‐sectional explanations of policy‐choice determinants, as well as incentives to establish captives. We find size, concentration, and credit standing of the firm's traded debt and commercial paper are each important in explaining the use of factoring, accounts receivable secured debt, captive finance subsidiaries, and general corporate credit. We also offer evidence that captive formation allows more flexible financial contracting. However, we find no evidence that captive formation expropriates bondholder wealth.
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“Suppliers may also be better positioned to repossess and resell the supplied goods (Mian and Smith, 1992).”
From The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998) · cites this paper as Mian and Smith, 1992
Citations
Cites
Coase, R. H. (1937) · Economica · doi:10.1111/j.1468-0335.1937.tb00002.x · Cited by 23,972
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Cited by
Sorted by citations
N. Berger, A., & F. Udell, G. (1998) · Journal of Banking & Finance · doi:10.1016/s0378-4266(98)00038-7 · Cited by 3,690
“Suppliers may also be better positioned to repossess and resell the supplied goods (Mian and Smith 1992).”
Afrifa, G. A., Alshehabi, A., Tingbani, I., & Halabi, H. (2021) · Review of Quantitative Finance and Accounting · doi:10.1007/s11156-020-00903-y · Cited by 26
Metadata
- Authors
- MIAN, S. L., & SMITH, C. W.
- Affiliations
- Emory University (US)
- Venue
- The Journal of Finance
- Publisher
- Wiley
- Published
- 1992-03
- Volume
- 47
- Issue
- 1
- Pages
- 169-200
- ISSN
- 0022-1082 (ISSN-L)
- 1540-6261
- OpenAlex
- W2147446616
- Cited by
- 651
- References
- 1
- Citations by year
- 2026: 12 · 2025: 18 · 2024: 31 · 2023: 34 · 2022: 27 · 2021: 33 · 2020: 36 · 2019: 34 · 2018: 30 · 2017: 25 · 2016: 28 · 2015: 33 · 2014: 26 · 2013: 23 · 2012: 30
- FWCI
- 29.33
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- The Journal of Finance (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Accounting › Working Capital and Financial Performance
- Social Sciences › Economics, Econometrics and Finance › Finance › Corporate Finance and Governance
- Social Sciences › Economics, Econometrics and Finance › Finance › Banking stability, regulation, efficiency
- Keywords
- receivables management, factoring, commercial paper, corporate lending, firm size, firm concentration, financial contracting, bondholder wealth, corporate finance policy
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Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
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