Customer's short positions and supplier's investment decisions

• Main Authors: CHEN, Xia, GONG, Guojin, LUO, Shuqing
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2015
• 主題: Accounting; Corporate Finance; Portfolio and Security Analysis
• 在線閱讀: https://ink.library.smu.edu.sg/soa_research/1869; https://ink.library.smu.edu.sg/context/soa_research/article/2896/viewcontent/ChenGongLuo_26June2015.pdf

Short interest contains valuable information about a firm’s business fundamentals. We investigate whether such information affects business partners’ real investment decisions in the supply-chain setting. We predict and find that a supplier’s future investments (including inventory, R&D, and tan...