The work investigates the use of trade credit in Italy for reasons of a financial nature. The analysis considers Italian small and medium-sized enterprises （SMEs） and investigates, over the years of 2009-2011： the ...The work investigates the use of trade credit in Italy for reasons of a financial nature. The analysis considers Italian small and medium-sized enterprises （SMEs） and investigates, over the years of 2009-2011： the existence of functional relationships between the incidence of trade receivables and payables and corporate profitability; the existence of interdependencies between trade credit policy and trade debt policy; and the coexistence of interchangeable and complementary conditions between trade debts and bank loans and other sources of funding. To verify the research hypotheses, linear regression models on a yearly basis are used and these models are put under observation over the years of 2009-2011. We can conclude that there are interdependencies between trade credit policy and trade debt policy and that trade credit is a source of flexible way of financing, also available in periods of crisis, which has a positive effect on the profitability of SMEs and can be utilized as a complementary and substitute source of financing to bank loans.展开更多
In this paper, we conduct research on the pragmatics of politeness principle of bulletin board system based on the differences of gender and habits. The openness of the Internet makes all kinds of information received...In this paper, we conduct research on the pragmatics of politeness principle of bulletin board system based on the differences of gender and habits. The openness of the Internet makes all kinds of information received into the vision of an equal chance and web sites in order to improve the hit rate which causes the traffic of commercial purposes such as tabloidization tend to be more negative news spread. To strengthen the research of network language management strategy, it has very important theoretical significance and practical meaning analyzed. Our proposed methodology will help researchers to understand the approaches to use the pragrnatics of politeness.展开更多
文摘The work investigates the use of trade credit in Italy for reasons of a financial nature. The analysis considers Italian small and medium-sized enterprises （SMEs） and investigates, over the years of 2009-2011： the existence of functional relationships between the incidence of trade receivables and payables and corporate profitability; the existence of interdependencies between trade credit policy and trade debt policy; and the coexistence of interchangeable and complementary conditions between trade debts and bank loans and other sources of funding. To verify the research hypotheses, linear regression models on a yearly basis are used and these models are put under observation over the years of 2009-2011. We can conclude that there are interdependencies between trade credit policy and trade debt policy and that trade credit is a source of flexible way of financing, also available in periods of crisis, which has a positive effect on the profitability of SMEs and can be utilized as a complementary and substitute source of financing to bank loans.
文摘In this paper, we conduct research on the pragmatics of politeness principle of bulletin board system based on the differences of gender and habits. The openness of the Internet makes all kinds of information received into the vision of an equal chance and web sites in order to improve the hit rate which causes the traffic of commercial purposes such as tabloidization tend to be more negative news spread. To strengthen the research of network language management strategy, it has very important theoretical significance and practical meaning analyzed. Our proposed methodology will help researchers to understand the approaches to use the pragrnatics of politeness.
