haku: @indexterm production / yhteensä: 1066
viite: 320 / 1066
| Tekijä: | Guariglia, A. Schiantarelli, F. |
| Otsikko: | Production smoothing, firms' heterogeneity, and financial constraints: Evidence from a panel of UK firms |
| Lehti: | Oxford Economic Papers
1998 : JAN, VOL. 50:1, p. 63-78 |
| Asiasana: | PRODUCTION RATIONALISATION COMPANIES FINANCE INVENTORIES |
| Kieli: | eng |
| Tiivistelmä: | This study provides an empirical analysis of heterogeneity in companies' inventory behavior. The study first investigates how the relative variance of production and sales differs across firms, and the the study uses variants of the linear quadratic inventory model in order to analyze potential heterogeneity in firms' incentives to smooth production. The results suggest that incentives to smooth production are not prevalent, and this conclusion also holds when companies are partitioned according to whether they are more or less likely to face financial constraints. |
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