Suppliers' annual report tone and enterprise inventory efficiency

Using the data from disclosed information on the top 5 suppliers and annual report tone by Chinese A-share listed firms, this article examines the impact of supplier's annual report tone on enterprise inventory efficiency. We find that the more positive the tone of the supplier's annual re...

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Bibliographic Details
Published inApplied economics letters Vol. 30; no. 16; pp. 2230 - 2236
Main Authors Xin, Yingying, Zeng, Xiao, Luo, Zhengying
Format Journal Article
LanguageEnglish
Published London Routledge 20.09.2023
Taylor & Francis LLC
Subjects
Annual reports
Economic analysis
inventory efficiency
spillover effect
Supplier's annual report tone
supply chain
textual analysis
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Summary:Using the data from disclosed information on the top 5 suppliers and annual report tone by Chinese A-share listed firms, this article examines the impact of supplier's annual report tone on enterprise inventory efficiency. We find that the more positive the tone of the supplier's annual report, the more efficient the company's inventory. That is, the more positive the tone of the supplier's annual report, the less inventory the enterprise holds and the shorter the inventory holding time. It shows that the tone of suppliers' annual reports has a positive spillover effect on the efficiency of firms' inventory. Our results still hold after a battery of additional tests.
ISSN:1350-4851
1466-4291
DOI:10.1080/13504851.2022.2096849