U.K. Companies' Short-Term Financial Decisions: Evidence from Company Accounts Data
Short-term financial decisions of companies are modeled with data from the published accounts of a sample of U.K. companies. The total short-term financing requirement is modeled as a buffer, absorbing deficits and surpluses elsewhere in the company's accounts. The focus is on the allocation of this total across four financial instruments: short-term bank borrowing, liquid assets, trade credit given and received. The major determinants of the allocation are found to be the company's mainstream operations (investment, profits, etc), its balance-sheet position, and economy-wide factors (interest rates, tax rates, statutory controls). There is evidence of systematic differences in behavior across companies related to size and profitability. Copyright 1994 by Blackwell Publishers Ltd and The Victoria University of Manchester
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 62 (1994)
Issue (Month): 4 (December)
|Contact details of provider:|| Postal: |
Phone: (0)161 275 4868
Fax: (0)161 275 4812
Web page: http://www.socialsciences.manchester.ac.uk/disciplines/economics/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:bla:manch2:v:62:y:1994:i:4:p:395-411. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.