论库存和财务绩效在制造业公司的关系[外文翻译]

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1、外文翻译OntherelationshipbetweeninventoryandfinancialperformanceinmanufacturingcompaniesMaterialSource:http://www.emeraldinsight.comAuthor:VedranCapkun，Ari-PekkaHameriLawrenceA.WeissKeywordsFinancialperformance,Inventory,Processefficiency,ManufacturingindustriesAbstractPurpose–Thepurposeofthispaperisto

2、studytherelationshipbetweeninventoryperformance,bothtotalinventory(INV)anditsdiscretecomponents(rawmaterial(RMI),work-in-process(WIP),andfinishedgoods(FGI)),andfinancialperformanceinmanufacturingcompanies.Design/methodology/approach–StatisticalanalysisisappliedtothefinancialinformationofUS-basedman

3、ufacturingfirmsoverthe26-yearperiodfrom1980to2005.Findings–Thepaperfindsasignificantpositivecorrelationbetweeninventoryperformanceandmeasuresoffinancialperformanceforfirmsinmanufacturingindustries.Thecorrelationbetweentheperformanceofdiscretetypesofinventoryandfinancialperformancevariessignificantl

4、yacrossinventorytypes.RMIperformancehasthehighestcorrelationwithallfinancialperformancemeasures.BetweenWIPinventoryandFGIperformance,theformerismorehighlycorrelatedwithgrossprofitmeasureswhilethelatterismorehighlycorrelatedwithoperatingprofitmeasures.Originality/value–Thispaperisthefirsttosystemati

5、callyanalyzetherelationshipbetweeninventoryperformanceandfinancialperformanceforalargesampleoffirmsacrossallmanufacturingindustries.ThepaperaddstopriorliteraturebydiscussingandtestingtherelationshipbetweenbothINVperformanceandthediscretetypesofinventoryandprofitabilityofoperations,bothatthegrossand

6、attheoperatingprofitlevels.Thepaperalsoanalyzestheresultsforfirmsacrossaswellaswithinmanufacturingindustries.Theresultsobtainedsupporttheoperationsmanagementliterature’sclaimthatamanagerialfocusoninventoryperformanceresultsinvaluecreationformanufacturingfirms.Consistentwithourlevelsspecificationreg

7、ressions,thechangeinRMIperformancehasthehighestcoefficientindicatingthehighestassociationwiththechangeinfinancialperformanceacrossallmodels.ThechangeinWIPinventoryperformancehasastrongercorrelationwiththech