Inventories and sales uncertainty\ud

Book English OPEN
Caglayan, M.; Maioli, S.; Mateut, S.;
(2011)
  • Publisher: Department of Economics, University of Sheffield
  • Subject:
    mesheuropmc: health care economics and organizations | technology, industry, and agriculture

We investigate the empirical linkages between sales uncertainty and firms´ inventory investment behavior while controlling for firms´ financial strength. Using large panels of manufacturing firms from several European countries we find that higher sales uncertainty lead... View more
  • References (27)
    27 references, page 1 of 3

    [1] Abramovitz, M., 1950. Inventories and business cycles, National Bureau of Economic Research, New York.

    [2] Arellano, M. and Bond, S., 1991. Some tests of speci…cation for panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies, 58, 277-97.

    [3] Bagliano, F. and Sembenelli, A., 2004. The cyclical behavior of inventories: European cross-country evidence from the early 1990s recession. Applied Economics, 36, 2031-44.

    [4] Baum, C., Caglayan, M. and Talavera, O., 2010a. On the sensitivity of …rms' investment to cash ‡ow and uncertainty. Oxford Economic Papers, 62, 286-306.

    [5] Baum, C., Caglayan, M. and Talavera, O., 2010b. On the investment sensitivity of debt under uncertainty. Economics Letters, 106 (1), 25-27.

    [6] Benito, A., 2005. Financial pressure, monetary policy e¤ects and inventories: Firmlevel evidence from a market-based and a bank-based …nancial system. Economica, 72, 201-224.

    [7] Blinder, A. and Maccini, L., 1991. The resurgence of inventory research: What have we learned? Journal of Economic Surveys, 5 (4), 291-328.

    [8] Bloom, N., Bond, S., and van Reenen, J., 2007. Uncertainty and investment dynamics. Review of Economic Studies, 74, 391-415.

    [9] Blundell, R., Bond, S., Devereux, M., and Schiantarelli, F., 1992. Investment and Tobin's Q: evidence from company panel data. Journal of Econometrics, 51, 233-57.

    [10] Bo, H., 2001. Volatility of sales, expectation errors, and inventory investment: Firm level evidence. International Journal of Production Economics, 72 (3), 273-283.

  • Metrics
Share - Bookmark