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|