TY - JOUR
T1 - Inventories, financial structure and market structure
AU - Tribó, Josep A.
PY - 2001/5/6
Y1 - 2001/5/6
N2 - In this paper, we study the effect of different financial contracts on the firm's inventory policy. Doing so will allow to define the best financial instruments to diminish the stock variability of a profit-maximizing firm in a given economic environment (expansion or recession), and for a given market structure. We show that in periods of recession (expansion), reducing (increasing) the amount of short-term debt is an optimal strategy independently of the market structure.
AB - In this paper, we study the effect of different financial contracts on the firm's inventory policy. Doing so will allow to define the best financial instruments to diminish the stock variability of a profit-maximizing firm in a given economic environment (expansion or recession), and for a given market structure. We show that in periods of recession (expansion), reducing (increasing) the amount of short-term debt is an optimal strategy independently of the market structure.
KW - Financial structure
KW - Inventories
KW - Market structure
UR - http://www.scopus.com/inward/record.url?scp=0035815829&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0035815829&partnerID=8YFLogxK
U2 - 10.1016/S0925-5273(00)00107-9
DO - 10.1016/S0925-5273(00)00107-9
M3 - Article
AN - SCOPUS:0035815829
SN - 0925-5273
VL - 71
SP - 79
EP - 89
JO - International Journal of Production Economics
JF - International Journal of Production Economics
IS - 1-3
ER -