분위회귀분석을 이용한 재고회전율 결정요인 분석
A Study on Determinants of Inventory Turnover using Quantile Regression Analysis
0
조회
0
다운로드
2
인용
0
참고문헌
키워드
초록
Purpose - This study attempts to analyze the determinants of inventory turnover by applying quantile regression analysis. Design/methodology/approach - By selecting the gross margin, capital intensity, and sale surprise as the determinants of inventory turnover, we investigate their effects on inventory turnover at the several quartiles (10%, 25%, 50%, 75%, 90%) of inventory turnover with quantile regression analysis. Findings - The effects of gross margin and capital intensity on inventory turnover are different for each quartile. But the effects of sale surprise on inventory turnover are not different for each quartile. Research implications or Originality -This study is the first attempt to examine the effects of inventory turnover determinants on inventory turnover by applying quantile regression analysis was not employed in the prior studies. Thus, this study is meaningful in that it shows the possible way to review inventory management strategies that can be applied differently to the firms with different inventory turnover levels.
Abstract
Purpose - This study attempts to analyze the determinants of inventory turnover by applying quantile regression analysis. Design/methodology/approach - By selecting the gross margin, capital intensity, and sale surprise as the determinants of inventory turnover, we investigate their effects on inventory turnover at the several quartiles (10%, 25%, 50%, 75%, 90%) of inventory turnover with quantile regression analysis. Findings - The effects of gross margin and capital intensity on inventory turnover are different for each quartile. But the effects of sale surprise on inventory turnover are not different for each quartile. Research implications or Originality -This study is the first attempt to examine the effects of inventory turnover determinants on inventory turnover by applying quantile regression analysis was not employed in the prior studies. Thus, this study is meaningful in that it shows the possible way to review inventory management strategies that can be applied differently to the firms with different inventory turnover levels.
참고문헌 (35)
- Cachon, G., "Operations Management" (2016), McGraw-Hill US Higher Ed USE Legacy
- Cameron, A. C., "Microeconometrics using stata (Vol. 2)" (2010), Stata press
- Capkun, V., "On the relationship between inventory and financial performance in manufacturing companies", International Journal of Operations & Production Management, 29(8), pp.789~806 (2009)
- Chen, H., "What actually happened to the inventories of American companies between 1981 and 2000?", Management Science, 51(7), pp.1015~1031 (2005)
- Chen, H., "US retail and wholesale inventory performance from 1981 to 2004", Manufacturing & Service Operations Management, 9(4), pp.430~456 (2007)
- 최강식, "자영업 부문의 소득분포 및 소득결정요인 : 분위회귀분석", 노동경제논집, 28(1), pp.135~156 (2005), 한국노동경제학회
- Dixit, A. K., "Monopolistic competition and optimum product diversity", The American Economic Review, 67(3), pp.297~308 (1977)
- Eroglu, C., "Lean, leaner, too lean? The inventory-performance link revisited", Journal of Operations Management, 29(4), pp.356~369 (2011)
- Gaur, V., "An econometric analysis of inventory turnover performance in retail services", Management Science, 51(2), pp.181~194 (2005)
- Gaur, V., "Retail Supply Chain Management", pp.25~52 (2015), Springer
- 장금주, "국내산업의 공급체인성과 지표로서의 재고자산과 재무성과에 대한 연구", 대한경영학회지, 25(6), pp.2629~2664 (2012), 대한경영학회
- Kekre, S., "Broader product line : a necessity to achieve success?", Management Science, 36(10), pp.1216~1232 (1990)
- Kesavan, S., "Do high and low inventory turnover retailers respond differently to demand shocks?", Manufacturing & Service Operations Management, 18(2), pp.198~215 (2016)
- 김길환, "재고관리성과가 기술적 효율성에 미치는 영향에 대한 실증분석: 국내 주요 철강기업을 대상으로", 한국생산관리학회지, 31(1), pp.71~93 (2020), 한국생산관리학회[DOI]
- Kim, H-G, "Estimating price elasticity of residential water demand in Koren using panel quantile model", Environmental and Resource Economic Review, 27(1), pp.195~214 (2018)
- 김진희, "우리나라 아파트의 특성과 아파트 가격: 분위회귀분석", 산업경제연구, 27(1), pp.173~195 (2014), 한국산업경제학회
- 김성윤, "분위회귀모형을 이용한 고객만족도 요인의 영향력 비교", 디지털융복합연구, 13(6), pp.125~132 (2015), 한국디지털정책학회[DOI]
- 김유선, "한국 노동시장의 임금결정요인 - OLS 회귀분석과 분위회귀분석", 산업관계연구, 19(2), pp.1~25 (2009), 한국고용노사관계학회
- 김영훈, "오퍼레이션스 성과와 재무성과 간의인과관계에 대한 실증분석", 한국경영과학회지, 40(1), pp.57~73 (2015), 한국경영과학회[DOI]
- Koenker, R., "Regression quantiles", Econometrica : Journal of the Econometric Society, pp.33~50 (1978)
- Koenker, R, "Quantile regression for longitudinal data", Journal of Multivariate Analysis, 91(1), pp.74~89 (2004)
- Kolias, G. D., "An empirical analysis of inventory turnover behaviour in Greek retail sector : 2000–2005", International Journal of Production Economics, 133(1), pp.143~153 (2011)
- Kotler, P., "Principles of marketing" (2010), Pearson education
- Koumanakos, D. P, "The effect of inventory management on firm performance", International Journal of Productivity and Performance Management, 57(5), pp.355~369 (2008)
- Lancaster, K, "The economics of product variety : A survey", Marketing Science, 9(3), pp.189~206 (1990)
- Lee, H. H., "The role of innovation in inventory turnover performance", Decision Support Systems, 76, pp.35~44 (2015)
- 이광현, "사교육비와 사교육시간이 학업성취도에 미치는 효과 분석: 분위회귀분석을 이용한 접근", 교육재정경제연구, 20(3), pp.99~133 (2011), 한국교육재정경제학회
- 이성원, "서울시 주거용지 가격의 분위회귀 분석", 산업경제연구, 24(2), pp.591~612 (2011), 한국산업경제학회
- Modi, S. B., "What drives financial performance–resource efficiency or resource slack? : Evidence from US based manufacturing firms from 1991 to 2006", Journal of Operations Management, 29(3), pp.254~273 (2011)
- Pashigian, B. P, "Demand uncertainty and sales : A study of fashion and markdown pricing", The American Economic Review, 93, pp.6~953 (1988)
- 표한형, "분위회귀분석을 이용한 한국 기업의 성장결정요인 분석", 산업조직연구, 22(1), pp.61~94 (2014), 한국산업조직학회
- 송민경, "국내 호텔기업의 경영성과 수준에 따른 경영성과 결정요인에 관한 연구: OLS 회귀분석과 Quantile 회귀분석 비교를 중심으로", 관광연구, 30(5), pp.583~600 (2015), 대한관광경영학회
- Stevenson, W. J, "Operations management" (2020), McGraw HIll
- Varian, H. R, "Microeconomic analysis" (1992), WW Norton
- Wisner, J. D., "Principles of supply chain management: A balanced approach" (2014), Cengage Learning