We investigate whether suppliers adjust innovative supply-chain investment following stock market signals about customers' economic prospects. We show that suppliers increase R&D and investments in customer-related patents after positive market reactions to customers' new product announcements....

We study the effects of technological change and adoption timing on firms' liquidity management practices and subsequent product market outcomes. We first posit that investment in Enterprise Resource Planning (ERP) software improves trade credit and inventory efficiencies between supply chain...