Determinants of Excess Inventory Announcement and Stock Market Reaction in the Retail Sector

Pages: 197 - 233
Published: Jan 1, 2019
Abstract
In this paper, we empirically analyze the determinants of excess inventory announcement and the stock market reaction to the announcement in the US retail sector. We examine if the firm’s operational competence, as measured by total factor productivity (TFP), can explain the retailer’s excess inventory announcement. We also investigate if the stock market reaction to such announcements is conditional on the operational competence of the...
Paper Details
Title
Determinants of Excess Inventory Announcement and Stock Market Reaction in the Retail Sector
Published Date
Jan 1, 2019
Pages
197 - 233
Citation AnalysisPro
  • Scinapse’s Top 10 Citation Journals & Affiliations graph reveals the quality and authenticity of citations received by a paper.
  • Discover whether citations have been inflated due to self-citations, or if citations include institutional bias.