ナム ホチョル   NAM,Hocheol
  南 ホチョル
   所属   北星学園大学  経済学部 経済法学科
   職種   専任講師
言語種別 英語
発行・発表の年月 2021/03
形態種別 査読のない論文
標題 Accounts Payable and Sales Growth Rate
執筆形態 単著
掲載誌名 北星学園大学経済学部北星論集
掲載区分国内
出版社・発行元 北星学園大学
巻・号・頁 60(2),pp.21-31
概要 A firm’s sales growth implies higher bargaining power over its business counterpart, and this generates an increase in the use of accounts payable. This study investigates the association between the growth rate of accounts payable and that of sales under Japan’s COVID-19 state of emergency. Using quarterly financial data of manufacturing companies, I conducted cross-sectional regression analyses and determined that the growth rate of accounts payable based on the same quarter of the previous fiscal year is positively related to the growth rate of sales. Additionally, the findings suggest that this positive relationship is more significant in firms with high accounts payable turnover (early payment) and those located in a competitive market.
ISSN 0289-3398