An Empirical Research on Inventory Management of the Managers Risk Aversion

摘要：

This paper use the regression analysis to explore the influence factors of managers risk aversion based on the firm-level panel data from 2004 to 2007 of china securities indices 300 listed companies. By utilizing the inventory size (IS) and inventory variation index (IV) to measure inventory characteristics. Research results show that IS increases with property variation index, assets size and the profit rate of main business, and decreases with risk aversion index. The IV increases with property variation index and assets size, decreases with risk aversion index and managerial ownership. The influence factors include the risk aversion index, property variation index and assets size which have effect on the measurement to the inventory size and variation index. The influence factors have statistical significance.

关键词： China securities indices 300 risk aversion inventory management stepwise regression

作者: LI Zhanlei XU Yongqiang HE Feng

作者单位: School of Economics and Management, Hebei University of Engineering, Handan, China, 056038

会议类型: 国际会议

会议名称: The 5th International Sympsium for Corporate Governance(第五届公司治理国际研讨会)

会议地点: 天津

会议语种:英文

页码: 1273-1278

在线出版日期: 2009-09-01（万方平台首次上网日期，不代表论文的发表时间）