The Experts below are selected from a list of 45090 Experts worldwide ranked by ideXlab platform
Rongrong Zhang - One of the best experts on this subject based on the ideXlab platform.
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the effect of operational slack diversification and vertical relatedness on the stock Market Reaction to supply chain disruptions
Journal of Operations Management, 2009Co-Authors: Kevin B. Hendricks, Vinod R. Singhal, Rongrong ZhangAbstract:This paper empirically examines whether operational slack, business diversification, geographic diversification, and vertical relatedness influence the stock Market Reaction to supply chain disruptions. The results are based on a sample of 307 supply chain disruptions announced by publicly traded firms during 1987-1998. Our analysis shows that firms with more slack in their supply chain experience less negative stock Market Reaction. The extent of business diversification has no significant effect on the stock Market Reaction. Firms that are more geographically diversified experience a more negative stock Market Reaction. We find that firms with a high degree of vertical relatedness experience a less negative stock Market Reaction. These results have important implications on how firms design and operate their supply chains to mitigate the negative effect of supply chain disruptions.
Kevin B. Hendricks - One of the best experts on this subject based on the ideXlab platform.
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the effect of operational slack diversification and vertical relatedness on the stock Market Reaction to supply chain disruptions
Journal of Operations Management, 2009Co-Authors: Kevin B. Hendricks, Vinod R. Singhal, Rongrong ZhangAbstract:This paper empirically examines whether operational slack, business diversification, geographic diversification, and vertical relatedness influence the stock Market Reaction to supply chain disruptions. The results are based on a sample of 307 supply chain disruptions announced by publicly traded firms during 1987-1998. Our analysis shows that firms with more slack in their supply chain experience less negative stock Market Reaction. The extent of business diversification has no significant effect on the stock Market Reaction. Firms that are more geographically diversified experience a more negative stock Market Reaction. We find that firms with a high degree of vertical relatedness experience a less negative stock Market Reaction. These results have important implications on how firms design and operate their supply chains to mitigate the negative effect of supply chain disruptions.
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Demand-Supply Mismatches and Stock Market Reaction: Evidence from Excess Inventory Announcements
Manufacturing & Service Operations Management, 2009Co-Authors: Kevin B. Hendricks, Vinod R. SinghalAbstract:This paper documents that excess inventory announcements, an indication of demand-supply mismatch, are associated with an economically and statistically significant negative stock Market Reaction. The results are based on a sample of 276 excess inventory announcements made during 1990--2002. Over a two-day period (the day of the announcement and the day before the announcement) the mean (median) stock Market Reaction ranges from -6.79% to -6.93% (-4.51% to -4.79%), depending on the benchmark used to estimate the Market Reaction. The percent of sample firms that experience negative Market Reaction ranges from 73% to 74%. When excess inventory is at the announcing firm's customers, the Market Reaction is more negative than when the excess inventory is at the announcing firm. The stock Market Reaction is less negative for excess inventory announcements made by larger firms but is more negative for firms with higher growth prospects and with higher debt-equity ratios.
Vinod R. Singhal - One of the best experts on this subject based on the ideXlab platform.
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the effect of operational slack diversification and vertical relatedness on the stock Market Reaction to supply chain disruptions
Journal of Operations Management, 2009Co-Authors: Kevin B. Hendricks, Vinod R. Singhal, Rongrong ZhangAbstract:This paper empirically examines whether operational slack, business diversification, geographic diversification, and vertical relatedness influence the stock Market Reaction to supply chain disruptions. The results are based on a sample of 307 supply chain disruptions announced by publicly traded firms during 1987-1998. Our analysis shows that firms with more slack in their supply chain experience less negative stock Market Reaction. The extent of business diversification has no significant effect on the stock Market Reaction. Firms that are more geographically diversified experience a more negative stock Market Reaction. We find that firms with a high degree of vertical relatedness experience a less negative stock Market Reaction. These results have important implications on how firms design and operate their supply chains to mitigate the negative effect of supply chain disruptions.
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Demand-Supply Mismatches and Stock Market Reaction: Evidence from Excess Inventory Announcements
Manufacturing & Service Operations Management, 2009Co-Authors: Kevin B. Hendricks, Vinod R. SinghalAbstract:This paper documents that excess inventory announcements, an indication of demand-supply mismatch, are associated with an economically and statistically significant negative stock Market Reaction. The results are based on a sample of 276 excess inventory announcements made during 1990--2002. Over a two-day period (the day of the announcement and the day before the announcement) the mean (median) stock Market Reaction ranges from -6.79% to -6.93% (-4.51% to -4.79%), depending on the benchmark used to estimate the Market Reaction. The percent of sample firms that experience negative Market Reaction ranges from 73% to 74%. When excess inventory is at the announcing firm's customers, the Market Reaction is more negative than when the excess inventory is at the announcing firm. The stock Market Reaction is less negative for excess inventory announcements made by larger firms but is more negative for firms with higher growth prospects and with higher debt-equity ratios.
Yin Zhu-jia - One of the best experts on this subject based on the ideXlab platform.
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Market Reaction of the Lift of Restricted Shares:Mechanism and Features
The Theory and Practice of Finance and Economics, 2010Co-Authors: Yin Zhu-jiaAbstract:Theory analysis finds that Market Reaction mechanism of the lifting of restricted shares can be decomposed into cumulative effect,early responding effect and reducing effect,those are proved by empirical test. The test also shows:cumulative effect is one of critical factors of Market fluctuation; there are significantly early-response and reducing effect,and Market Reaction is negative overall; and the lift impact on investors' psychology is far greater than that on reduction itself. To enhance the Market demand of investment greatly may be one important policy to solve the problem,for it is a way to undertake the massive increase in the size of the stock supply effectively,
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Ban-Lift,Market Environment and Corporate Performance:Factors of Market Reaction for Restricted Shares
Modern Economic Science, 2009Co-Authors: Yin Zhu-jiaAbstract:This paper decomposes Market Reaction of restricted shares into advance response and state-share reduction effect,and empirically tests the relationships between the reduction Market Reaction and its factors. The results show that Market Reaction to the lift is negative,that high valued and better performed firms are less influenced by the lift,that compared to the original tradable size,the larger is the proportion of restricted shares,the greater is the reducing pressure,that significant difference in Market Reaction exist between bull or bear Market,and that the reduction impact on investors'confidence is great.
Sinclair Davidson - One of the best experts on this subject based on the ideXlab platform.
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the sydney olympic games announcement and australian stock Market Reaction
Applied Economics Letters, 2000Co-Authors: Gabrielle Berman, Robert Darren Brooks, Sinclair DavidsonAbstract:On 23 September 1993 the International Olympic Committee announced that Sydney would host the 2000 Olympic Games. Given the keen competition between rival cities bidding for the Olympics it could be argued that the winning city anticipates economic benefits to accrue from hosting the games. To the extent that this is valid, some stock Market Reaction may be found to the Olympic announcement. Testing the hypothesis for Australia the following results are found. First no overall impact on the stock Market is found. Second, only a limited number of industries portfolios show a significant positive impact to the Olympic games announcement. Specifically the industry portfolios are: building materials, developers and contracts, engineering and miscellaneous services. This is consistent with the economic boost for the Olympics being in infrastructure and development and thus in the general building and construction sector. Third the results clearly demonstrate that for the industries where there was a significant positive stock Market Reaction to the Olympic Games announcement, that significant positive stock Market Reaction is confined to stocks based in the state which will host the games, New South Wales.
