典型文献
Inventory Management with Trade Policy Uncertainty
文献摘要：
This paper develops a theoretical model to describe how exporting firms manage their inventory stocks in response to an exogenous trade policy uncertainty shock.Using firm-level data from China Industrial Enterprise Database and China Customs Database on inventory and exports over the period around China's WTO accession,we show that a reduction in trade policy uncertainty significantly increased exporting firms'inventory holdings.The result was robust to various robustness checks.This effect was found to be stronger for private and foreign firms than state-owned enterprises and mainly driven by firms from the coastal region.We also found that the reduction in trade policy uncertainty increased the frequency and the average volume of export transactions,and that this was the mechanism behind the effect.This paper helps to understand exporting firms'optimal inventory problem arising from trade-policy uncertainty and shocks.
文献关键词：
中图分类号：
作者姓名：
Xiaotao Zhao;Xiaoping Chen
作者机构：
Institute of Applied Economics,Shanghai Academy of Social Sciences,China;School of Economics and Management,Harbin Institute of Technology,Shenzhen,China
文献出处：
引用格式：
[1]Xiaotao Zhao;Xiaoping Chen-.Inventory Management with Trade Policy Uncertainty)[J].中国与世界经济（英文版）,2022(05):128-153
A类：
holdings
B类：
Inventory,Management,Trade,Policy,Uncertainty,This,paper,develops,theoretical,model,describe,exporting,firms,manage,their,inventory,stocks,response,exogenous,trade,policy,uncertainty,Using,level,data,from,China,Industrial,Enterprise,Database,Customs,exports,over,period,around,WTO,accession,we,show,that,reduction,significantly,increased,result,was,various,robustness,checks,effect,found,stronger,private,foreign,than,state,owned,enterprises,mainly,driven,by,coastal,region,We,also,frequency,average,volume,transactions,this,mechanism,behind,helps,understand,optimal,problem,arising,shocks
AB值：
0.580278
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