Analyzing changes in credit policy in an international environment
Article Abstract:
An effective analysis of changes in credit policy in terms of international accounts receivable involves the use of a new received doctrine. New received doctrine must analyze increases in accounts receivable based on sales value and not on cost. A change in credit policy entails the use of after-tax interest rate parity than pretax interest rate parity in deciding ways of financing required built-up in networking capital. Companies should also utilize the most cost-effective working capital in analyzing expected cash flow changes.
Publication Name: Managerial Finance
Subject: Business
ISSN: 0307-4358
Year: 1997
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Management controls in Sino-American joint ventures: a comparative case study
Article Abstract:
A model developed from the case studies of Chinese-American joint ventures showed that the success of the joint venture is posited on three factors: the strategic objectives of both partners, transaction costs and the degree of cultural fit between the partners. The degree of conflict and control surrounding the three aforementioned factors are indicative of the relative success enjoyed by the joint venture. Cultural and political factors were found to have a small but significant effect on the joint venture as well.
Publication Name: Managerial Finance
Subject: Business
ISSN: 0307-4358
Year: 1998
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Trade credit as quality signal: an international comparison
Article Abstract:
The product quality theory of trade credit is not always applicable in industries of industrialized countries, such as the United Kingdom and Germany. An analysis of industrialized countries reveals that product theory performed well in Japanese industries but not in UK industries where industry factor is highly important. Companies with strong sales as well as those with larger structure tend to offer less credit.
Publication Name: Managerial Finance
Subject: Business
ISSN: 0307-4358
Year: 1997
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