FRICTIONS AND THE CONTRIBUTION OF INVENTORY TO SHAREHOLDER WEALTH

Shareholder wealth effects associated with inventory are examined. Initial results indicate a positive and significant relation between shareholder wealth and inventory. Additional findings suggest that operating conditions, financial constraints, and working capital behavior influence the value of...

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Veröffentlicht in:The Journal of financial research 2014-09, Vol.37 (3), p.385-404
Hauptverfasser: Beauchamp, Charles F., Hardin III, William G., Hill, Matthew D., Lawrey, Chris M.
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Sprache:eng
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