Managerial Finance: Volume 23 Issue 4

CREATING A MEANINGFUL WORKING CAPITAL GUARANTEE PROGRAM FOR THE SMALL EXPORTER: THE CASE OF THE U.S. EXIMBANK

Alfred C. Holden

Small exporters often confront a reluctance of financial institutions to extend short‐term credit lines needed to meet the manufacturing and related marketing costs associated…

INTERNATIONAL CREDIT MANAGEMENT POLICIES OF U.S. SUBSIDIARIES

Lawrence Peter Shao, Alan T. Shao, Iftekhar Hasan

One important issue international firms must face involves the evaluation and control of credit risk. Many studies dealing with international credit management have focused on the…

ANALYZING CHANGES IN CREDIT POLICY IN AN INTERNATIONAL ENVIRONMENT

Kenneth D. Riener, Luc Soenen

This paper derives a model for analyzing the net present value of a change in credit policy, in the presence of exchange rate uncertainty, tax differentials, and potential…

USING EXPORT‐CREDIT INSURANCE TO ENHANCE THE WORKING CAPITAL REQUIREMENTS OF THE OVERSEAS CUSTOMER: ACCOMMODATING MEXICAN IMPORTERS AMIDST THE 1994–95 PESO CRISIS

Alfred C. Holden, Patricia A. Monter

While export‐credit insurance is traditionally utilized by exporters to protect foreign receivables, to facilitate domestic financing, or to match credit terms of competitors…

TRADE CREDIT AS QUALITY SIGNAL: AN INTERNATIONAL COMPARISON

Peihwang Wei, Susan M.L. Zee

This paper tests the product quality theory of trade credit with 1993 year‐end data for Germany, Japan, United Kingdom, and United States. The results are inconsistent with the…