Monetary Policy, Debt and the Cyclical Behavior of Inventories

An earlier study on the determinants of inventories investment has been proposed by Lovel (1961). However, the study fails to mention the effects of financial variables. The puzzle prevails on account of imperfect capital markets. This implies that interest rate generally affects inventory investmen...

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Bibliografiske detaljer
Main Authors: Abdul Ghafar Ismail, Zakaria Bahari
Format: Article
Sprog:English
Udgivet: Universitas Gadjah Mada 2007-01-01
Serier:Gadjah Mada International Journal of Business
Fag:
Online adgang:https://jurnal.ugm.ac.id/gamaijb/article/view/5604

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