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This is a free book offered by BookBoon.

'This free book critically evaluates the strategic financial and marketing significance of credit terms management within a theoretical context of wealth maximisation and empirical research. Although most companies still adhere to standard industry terms even when so many debtors default, we shall prove that if a company is unique with respect to its revenue function, cost function, access to the capital market and customer clientele, its optimal debtor policy will be unique. And so too, will be its net investment in working capital.'

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