Abnormal inventory and performance in manufacturing companies: evidence from the trade credit channel
Authors: Afrifa, G.A., Alshehabi, A., Tingbani, I. and Halabi, H.
Journal: Review of Quantitative Finance and Accounting
Volume: 56
Issue: 2
Pages: 581-617
eISSN: 1573-7179
ISSN: 0924-865X
DOI: 10.1007/s11156-020-00903-y
Abstract:This paper examines the value of abnormal inventory and the channels through which firms decrease abnormally high inventory or increase abnormally low inventory for a sample of 976 United Kingdom manufacturing firms over the period from 2006 to 2015. Using GMM regressions, the results show that (i) an optimal inventory policy exists; and (ii) firms that are able to converge at this optimal inventory level by either decreasing abnormally high inventory or increasing abnormally low inventory to improve operational and stock performance. Importantly, the results show that trade receivables and trade payables are the channels through which firms achieve efficient inventory management.
https://eprints.bournemouth.ac.uk/34016/
Source: Scopus
Abnormal inventory and performance in manufacturing companies: evidence from the trade credit channel
Authors: Afrifa, G.A., Alshehabi, A., Tingbani, I. and Halabi, H.
Journal: REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING
Volume: 56
Issue: 2
Pages: 581-617
eISSN: 1573-7179
ISSN: 0924-865X
DOI: 10.1007/s11156-020-00903-y
https://eprints.bournemouth.ac.uk/34016/
Source: Web of Science (Lite)
Abnormal Inventory and Performance in Manufacturing Companies: Evidence from the Trade Credit Channel
Authors: Afrifa, G., Alshehabi, A., Tingbani, I. and Halabi, H.
Journal: Review of Quantitative Finance and Accounting
Publisher: Springer Nature
ISSN: 0924-865X
Abstract:This paper examines the value of abnormal inventory and the channels through which firms decrease abnormally high inventory or increase abnormally low inventory for a sample of 976 United Kingdom (UK) manufacturing firms over the period from 2006 to 2015. Using GMM regressions, the results show that (i) an optimal inventory policy exists; and (ii) firms that are able to converge at this optimal inventory level by either decreasing abnormally high inventory or increasing abnormally low inventory to improve operational and stock performance. Importantly, the results show that trade receivables and trade payables are the channels through which firms achieve efficient inventory management.
https://eprints.bournemouth.ac.uk/34016/
Source: Manual
Abnormal Inventory and Performance in Manufacturing Companies: Evidence from the Trade Credit Channel
Authors: Afrifa, G., Alshehabi, A., Tingbani, I. and Halabi, H.
Journal: Review of Quantitative Finance and Accounting
Publisher: Springer Nature
ISSN: 0924-865X
Abstract:This paper examines the value of abnormal inventory and the channels through which firms decrease abnormally high inventory or increase abnormally low inventory for a sample of 976 United Kingdom (UK) manufacturing firms over the period from 2006 to 2015. Using GMM regressions, the results show that (i) an optimal inventory policy exists; and (ii) firms that are able to converge at this optimal inventory level by either decreasing abnormally high inventory or increasing abnormally low inventory to improve operational and stock performance. Importantly, the results show that trade receivables and trade payables are the channels through which firms achieve efficient inventory management.
https://eprints.bournemouth.ac.uk/34016/
Source: Manual
Abnormal Inventory and Performance in Manufacturing Companies: Evidence from the Trade Credit Channel
Authors: Afrifa, G., Alshehabi, A., Tingbani, I. and Halabi, H.
Journal: Review of Quantitative Finance and Accounting
Volume: 56
Pages: 581-617
ISSN: 0924-865X
Abstract:This paper examines the value of abnormal inventory and the channels through which firms decrease abnormally high inventory or increase abnormally low inventory for a sample of 976 United Kingdom (UK) manufacturing firms over the period from 2006 to 2015. Using GMM regressions, the results show that (i) an optimal inventory policy exists; and (ii) firms that are able to converge at this optimal inventory level by either decreasing abnormally high inventory or increasing abnormally low inventory to improve operational and stock performance. Importantly, the results show that trade receivables and trade payables are the channels through which firms achieve efficient inventory management.
https://eprints.bournemouth.ac.uk/34016/
Source: BURO EPrints