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affect private sector inventory levels? I develop as a baseline a substitution hypothesis, which predicts that infrastructure … reduces inventory. I also consider competing hypotheses that can explain negative correlation between infrastructure and … inventory. To empirically distinguish these hypotheses, I use data on public firms from 60 countries. The econometric challenge …
Persistent link: https://www.econbiz.de/10005836348
the market? I consider the example of inventory and fill rates. When the market sees a high-inventory firm, it cannot tell … whether the inventory is due to incompetence or a strategy to enhance fill rate. Firms might decide to signal their competence … to the market by carrying less inventory. I show conditions for separating and pooling perfect Bayesian equilibria. I …
Persistent link: https://www.econbiz.de/10005836353
Part (I) and (II) of this paper reconstruct the quantity theory from structural axiomatic foundations. This yields a coherent view of the interrelations of quantity of money, transaction money, saving–dissaving, liquidity–illiquidity, rates of interest, leverage, allocation, prices, profits,...
Persistent link: https://www.econbiz.de/10009220679
features of simulator of inventory turnover in internet shop were shown. Next proposal of implementation were presented. Also …
Persistent link: https://www.econbiz.de/10009372627
We employ a large dataset of physical inventory data on 21 different commodities for the period 1993-2011 to … main issues. First, we explore the relationship between inventory and the shape of the forward curve. Low (high) inventory … price volatility is a decreasing function of inventory for the majority of commodities in our sample. This effect is more …
Persistent link: https://www.econbiz.de/10011111409
,R) inventory model with non-negative reorder point and fixed lead-time. Backorders are allowed and the unit shortage cost is used … uncertainty measured by the coefficient of variation the optimal inventory policies lead to excessively large orders and zero …
Persistent link: https://www.econbiz.de/10011112632
How does the stock market affect inventory decisions? The efficient markets view is that low stock price means poor … fundamentals, a higher cost of capital, and lower inventory. Normatively, firms should obtain their cost of capital from an …' inventory as much as its fundamentals component. I further test three possibilities for how the behavioral component works. The …
Persistent link: https://www.econbiz.de/10005790258
How different are retailers' inventory levels around the world? Specifically, are retailers' inventories constant … contingency - in which country effects can explain inventory differences around the world. I also show that this conclusion is …
Persistent link: https://www.econbiz.de/10005619843
The purpose of this paper is to analyze the impact of trust-based relations on firm’s performance in transition economies. The trade credit variable is used as a proxy of trust-based relations and the propensity score matching method is employed to establish casual link between relational...
Persistent link: https://www.econbiz.de/10011260550
In this study, we use data from the SSBFs to provide new information about the use of credit by small businesses in the U.S. More specifically, we first analyze firms that do and do not use credit; and then analyze why some firms use trade credit while others use bank credit. We find that one in...
Persistent link: https://www.econbiz.de/10008615030