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Inventory Productivity and Stock Returns in Manufacturing Networks
16 references·0 citing·35 second hop
Inventory Productivity and Stock Returns in Manufacturing Networks (2023)Inventory Productivity and Stock Returns …Supply Chain Disruptions: Evidence from the Great East Japan Earthquake* (2020)Supply Chain Disruptions: Evi…Toyota Production System (2019)Toyota Production SystemA five-factor asset pricing model (2014)A five-factor asset pricing m…Measuring the Upstreamness of Production and Trade Flows (2012)Measuring the Upstreamness of…What Actually Happened to the Inventories of American Companies Between 1981 and 2000? (2005)What Actually Happened to the…An Econometric Analysis of Inventory Turnover Performance in Retail Services (2005)An Econometric Analysis of In…Optimal Policies for a Multi-Echelon Inventory Problem (2004)Optimal Policies for a Multi-…The rewards to meeting or beating earnings expectations (2002)The rewards to meeting or bea…Familiarity Breeds Investment (2001)Familiarity Breeds InvestmentOn Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Modelling the Costs and Benefits of Delayed Product Differentiation (1997)Modelling the Costs and Benef…Information Distortion in a Supply Chain: The Bullwhip Effect (1997)Information Distortion in a S…Reducing the Cost of Demand Uncertainty Through Accurate Response to Early Sales (1996)Reducing the Cost of Demand U…Taking Stock: A Critical Assessment of Recent Research on Inventories (1991)Taking Stock: A Critical Asse…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Optimal Policies for a Multi-Echelon Inventory Problem (1960)Optimal Policies for a Multi-…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Multifactor Explanations of Asset Pricing Anomalies (1996)Illiquidity and stock returns: cross-section and time-series effects (2002)Input Specificity and the Propagation of Idiosyncratic Shocks in Production Networks * (2016)Firm-Level Exposure to Epidemic Diseases: COVID-19, SARS, and H1N1 (2020)Global supply chains in the pandemic (2021)Risks and Global Supply Chains: What We Know and What We Need to Know (2022)Domestic Saving and International Capital Flows (1980)A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)Home Bias at Home: Local Equity Preference in Domestic Portfolios (1999)How Distance, Language, and Culture Influence Stockholdings and Trades (2001)Investor Psychology and Asset Pricing (2001)The determinants of cross-border equity flows (2004)An Empirical Evaluation of Accounting Income Numbers (1968)Earnings Management During Import Relief Investigations (1991)Detecting Earnings Management. (1995)The economic implications of corporate financial reporting (2005)Real and Accrual-Based Earnings Management in the Pre- and Post-Sarbanes-Oxley Periods (2008)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)The Quantity Flexibility Contract and Supplier-Customer Incentives (1999)The effect of supply chain glitches on shareholder wealth (2003)Perspectives in supply chain risk management (2006)Coordinated supply chain management (1996)Information sharing in a supply chain (2000)Lectures on Stochastic Programming: Modeling and Theory (2009)Arcs of integration: an international study of supply chain strategies (2001)DEFINING SUPPLY CHAIN MANAGEMENT (2001)Editor's Choice Digesting Anomalies: An Investment ApproachDo Shareholders Benefit from Green Bonds? (2018)Empirical Asset Pricing via Machine Learning (2020)Supply chain modeling: past, present and future (2002)
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References

  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2014A five-factor asset pricing model7,841 cited
  • 1997Information Distortion in a Supply Chain: The Bullwhip Effect4,718 cited
  • 2001Familiarity Breeds Investment1,920 cited
  • 2002The rewards to meeting or beating earnings expectations1,706 cited
  • 2004Optimal Policies for a Multi-Echelon Inventory Problem1,256 cited
  • 1960Optimal Policies for a Multi-Echelon Inventory Problem1,256 cited
  • 2020Supply Chain Disruptions: Evidence from the Great East Japan Earthquake*953 cited
  • 1996Reducing the Cost of Demand Uncertainty Through Accurate Response to Early Sales889 cited
  • 2012Measuring the Upstreamness of Production and Trade Flows872 cited
  • 2019Toyota Production System794 cited
  • 1997Modelling the Costs and Benefits of Delayed Product Differentiation605 cited
  • 1991Taking Stock: A Critical Assessment of Recent Research on Inventories556 cited
  • 2005An Econometric Analysis of Inventory Turnover Performance in Retail Services463 cited
  • 2005

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What Actually Happened to the Inventories of American Companies Between 1981 and 2000?
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