Title: A Study on Management Action Change of Financial Distressed Firms Based on Accounts Receivable
Abstract: Using the sample of China′s listed firms from 1996 to 2008,this paper studies the accounts receivable action of financial distressed firms.It finds a negative effect of financial distress on accounts receivable,which implies that firms reduce accounts receivable when they are in financial distress.It also finds that the effect of financial distress on accounts receivable is less important when firms face periods of high inflation.It also finds that distressed firms in East China,South China and Northeast reduce their accounts receivable,distressed firms in Northwest increase their accounts receivable.And there are no significant relationship between accounts receivable and financial distress for those distressed firms in North China,Central China and Southwest.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
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