Trade credit management within smallprofessional firms: practice, agency and structure

Abstract

This research surfaces the complex process of managing trade credit within small professional firms, exploring drivers of idiosyncratic practice within particular contexts. Despite the acknowledged macro-economic significance of trade credit, little is known of its management at firm-level. The well documented susceptibility of small and medium sized enterprises (SMEs) to liquidity problems implies the importance of the management of internal resources for such firms. Small professional firms provided the opportunity to explore trade credit management where the length of the work in progress cycle can be pronounced, and where amounts receivable represent a crucial element.

Date of Award	2013
Original language	English
Awarding Institution	University of Brighton