Trade Receivables Policy of Distressed Firms and Its Effect on the Costs of Financial Distress

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Cash Conversion Cycle and Value-Enhancing Operations: Theory and Evidence for a Free Lunch (2017, background): “Molina and Preve (2009) study the trade receivables policy of distressed firms as part of a trade-off between the willingness to gain sales and the need for cash, finding that firms increase trade receivables when they have profitability problems, but reduce trade receivables when they have cash…”
Cash conversion cycle and corporate performance: Global evidence (2018, methodology): “According to Petersen and Rajan (1997), Shin and Soenen (1998), Opler, Pinkowitz, Stulz, and M AN US CR IP T AC CE PT ED 5 Williamson (1999), Wang (2002), Chiou, Cheng, and Wu (2006), Bates, Kahle, and Stulz (2009), and Baños-Caballero et al. (2010), a firm’s profitability and value also influence w”
Trade Credit Provision and National Culture (2016, unknown): “…papers examine this question, specifically, for the U.S. (e.g., Giannetti et al., 2011; Petersen and Rajan, 1997) (e.g., Long et al., 1993; Molina and Preve, 2009; Ng et al., 1999), the U.K. (Atanasova, 2007; Cunat, 2007), China (Cull et al., 2009; Ge and Qiu, 2007), and Vietnam (McMillan…”
Stock Market Listing and the Use of Trade Credit: Evidence from Public and Private Firms (2017, background): “Based on recent studies of the role of financial distress in shaping firms’ trade credit policies (Molina and Preve, 2009; 2012; Hill et al., 2010), we employ two measures of distress risk.”