Submission ID: 025-1345 Industry Competition and Manufacturing Inventory: An Exploratory Study
نویسنده
چکیده
Theoretical models have been ambiguous on the relationship between industry competition and inventory holdings of manufacturing firms. Facing competition, on the one hand, firms may desire to hold more inventory to avoid losing sales to competitors; on the other hand, firms strive to improve inventory turns to control costs and stay competitive. Using U.S. Census data on manufacturing industries, this study explores the implications of industry competition on manufacturing inventory at all three stages (i.e., raw materials, work-in-process and finished goods inventories).
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