Inventories and Risk in African Manufacturing.
Using a panel data set for Zimbabwe which includes firm-specific measures of contractual risk, we show that contractual risk has a major effect on the holding input stocks and, to a lesser extent, the constitution of cash reserves. This is consistent with inventories being a hedge against stockout r...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
2000
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