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The Issues of the Management of Receivables: Lithuanian Case

Author

Listed:
  • Remeikiene Rita

    (Mykolas Romeris University, Lithuania)

  • Gaspareniene Ligita

    (Mykolas Romeris University, Lithuania)

  • Grigaliune Gintare

    (Mykolas Romeris University, Lithuania)

Abstract

Constant changes in business environment determine the significance of receivables to business. The analysis of the current situation in Lithuania has revealed that a substantial part of business enterprises are facing the problem of overdue receivables. This issue emerged as extremely topical after the beginning of the economic crisis in 2008. A number of scientific studies confirmed that the level of receivables has a significant impact not only on smooth business operation but also on operational results and serves as the cause of numerous economic and social problems, faced by both business enterprises and the state. Rising level of receivables determines slower recovery of total economics because it has a negative impact on the sustainability of the public sector of the country. In addition, the scientists highlight economic problems such as production capacity losses, general decrease in competitiveness and failure to satisfy the debt claims. The social problems include the increase in unemployment rate, fall of living standards, dissatisfaction with poor economics of the country and uncertainty about the future. The aim of this article is to analyse the impact of receivables on business in Lithuania. The methods of the research include scientific literature analysis and statistical data analysis.

Suggested Citation

  • Remeikiene Rita & Gaspareniene Ligita & Grigaliune Gintare, 2016. "The Issues of the Management of Receivables: Lithuanian Case," Economics and Culture, Sciendo, vol. 13(1), pages 88-96, June.
    • Handle: RePEc:vrs:ecocul:v:13:y:2016:i:1:p:88-96:n:9
    DOI: 10.1515/jec-2016-0011
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    References listed on IDEAS

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    1. repec:bla:jfinan:v:43:y:1988:i:5:p:1127-41 is not listed on IDEAS
    2. Frédéric Boissay, 2004. "Crédits interentreprises et délais de paiement : une théorie financière," Annals of Economics and Statistics, GENES, issue 73, pages 101-118.
    3. Dooley, Michael P., 2000. "Debt management and crisis in developing countries," Journal of Development Economics, Elsevier, vol. 63(1), pages 45-58, October.
    4. repec:adr:anecst:y:2004:i:73:p:05 is not listed on IDEAS
    5. Rebecca Boden & Salima Yassia Paul, 2014. "Creditable behaviour? The intra-firm management of trade credit," Qualitative Research in Accounting & Management, Emerald Group Publishing Limited, vol. 11(3), pages 260-275, September.
    6. Haitham Nobanee & Jaya Abraham, 2015. "Current assets management of small enterprises," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 42(4), pages 549-560, September.
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