Neural Networks and Rules-based Systems used to Find Rational and Scientific Correlations between being Here and Now with Afterlife Conditions
Neural Networks and Rules-based Systems used to Find Rational and
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The study here provides an agency model to explain the offer of trade credit in an asymmetric environment between the suppliers and the customers. Many theories inform traditional arguments focusing on the existence of the trade credit (e.g. tax theory, transaction cost theory, liquidity theory and product quality theory). One theory studies the adverse selection phenomenon but the moral hazard problem needs exploration. The findings indicate that day of sales outstanding of Tunisian export SMEs relates directly to adverse selection and inversely link to moral hazard measured by provision on bad debts and cost ratio. By testing the traditional models, the study does not confirm tax theory, liquidity theory or transaction cost theory. However, the findings support the product quality theory which is based on ex-ante asymmetric information.
Meryem Bellouma. 2014. \u201cTrade Credit Policy and Agency Theory\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 14 (GJMBR Volume 14 Issue B1): .
Crossref Journal DOI 10.17406/GJMBR
Print ISSN 0975-5853
e-ISSN 2249-4588
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Total Score: 101
Country: Tunisia
Subject: Global Journal of Management and Business Research - B: Economic & Commerce
Authors: Meryem Bellouma (PhD/Dr. count: 0)
View Count (all-time): 128
Total Views (Real + Logic): 4515
Total Downloads (simulated): 2362
Publish Date: 2014 03, Tue
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The study here provides an agency model to explain the offer of trade credit in an asymmetric environment between the suppliers and the customers. Many theories inform traditional arguments focusing on the existence of the trade credit (e.g. tax theory, transaction cost theory, liquidity theory and product quality theory). One theory studies the adverse selection phenomenon but the moral hazard problem needs exploration. The findings indicate that day of sales outstanding of Tunisian export SMEs relates directly to adverse selection and inversely link to moral hazard measured by provision on bad debts and cost ratio. By testing the traditional models, the study does not confirm tax theory, liquidity theory or transaction cost theory. However, the findings support the product quality theory which is based on ex-ante asymmetric information.
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