Skip to main content
Article thumbnail
Location of Repository

Credit management: an examination of policy choice, practices and late payment in UK companies

By Richard H. Pike and N.S. Cheng

Abstract

NoA central element in developing credit management policy involves design choices on the extent to which credit activities are best managed internally or through specialist market intermediaries. This paper draws on the findings of a survey on the credit management practices and policies of large UK companies to: (1) Examine the type of firm most likely to enter into specialist external credit management structural arrangements; and (2) Identify contextual and credit policy choices influencing the credit period taken and late payment of debts. The study found that specialist intermediaries are not particularly common in large firms. The paper also identifies a number of contextual and policy variables that help explain variation in debtor days and late payment by customers

Topics: Trade credit, Policy, Practice, Debtor pays, Late payment
Year: 2003
DOI identifier: 10.1111/1468-5957.00403
OAI identifier: oai:bradscholars.brad.ac.uk:10454/3143
Provided by: Bradford Scholars
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://hdl.handle.net/10454/31... (external link)
  • http://dx.doi.org/10.1111/1468... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.