生产力
业务
背景(考古学)
独创性
适度
产业组织
经济
财务
经济增长
心理学
古生物学
社会心理学
创造力
政治学
法学
生物
作者
Yu Lin,Jiannan Wang,Yingjie Shi
出处
期刊:International Journal of Productivity and Performance Management
[Emerald (MCB UP)]
日期:2021-03-09
卷期号:71 (5): 1972-1988
标识
DOI:10.1108/ijppm-10-2019-0479
摘要
Purpose This paper explores the relationship between inventory productivity and the likelihood of venture survival and then examines how financial constraints moderate the inventory productivity–survival linkage. Design/methodology/approach Accelerated failure time (AFT) model is employed to study the link between inventory productivity and venture survival by using small- and medium-sized enterprise (SME) data from Chinese Annual Survey of Industrial Firms (CASIF) database over the period 1999–2007. Findings The paper demonstrates a converse U -curve relation between inventory productivity and venture survival. Additionally, financial constraints as the moderator weaken the marginal effect of inventory productivity on venture survival. Practical implications Managers should pay more attention to the important inventory performance indicator: inventory productivity. In the context of prominent financing difficulties, managers should be rapid to adjust the competitive strategy and optimize the internal production process according to the inherent nature of risks in a friction environment, and thus generate resources that enterprises cannot raise in the financial market. Originality/value This study may be the first to practically investigate the role of inventory productivity on venture survival and the moderating effect of financing constraints on this relationship. It adds to abundant articles as regards the interface between operation management and venture survival by exploring how financial constraints moderate the inventory productivity–survival linkage.
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