Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5089752 | Journal of Banking & Finance | 2012 | 10 Pages |
Abstract
⺠We investigate the effects of sales uncertainty on firms' inventory investment. ⺠We consider both direct and indirect effects via firms' financial strength. ⺠We use large panels of manufacturing firms from several European countries. ⺠Higher sales uncertainty leads to larger stocks of inventories. ⺠Firm financial strength mitigates the adverse effects of uncertainty.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Mustafa Caglayan, Sara Maioli, Simona Mateut,