This article combed the domestic and foreign researches on inventory investment since 1990. We\nfind that researches mainly focus on the macro level of the relationship between inventory investment\nand business cycle, the effects of inflation or interest rates on inventory adjustment.\nWhile in the micro enterprise level, they study the determiners of inventory investment, including\nfinancing constraints, size and location. Besides, the role of inventory investment behavior on\ncorporate performance has not yet reached a consensus. Based on the analysis of the existing literatures,\nwe put forward the possible directions for future research in the field of inventory investment,\ncombining with China�s specific conditions.
Loading....