File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)

Article: The Role of Innovation in Inventory Turnover Performance

TitleThe Role of Innovation in Inventory Turnover Performance
Authors
Issue Date2015
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/dss
Citation
Decision Support Systems, 2015, v. 76, p. 35-44 How to Cite?
AbstractHow a firm utilizes technological innovation to improve operations management is an important research question in today's knowledge economy but lacks empirical evidence in the literature. We use a dataset of all non-service U.S. public firms from 1976 to 2005 to examine how a firm's innovation performance is associated with its inventory turnover performance. In particular, we measure a firm's innovation performance by the ratio of its patents (either citations or counts) to its research and development (R&D) expenditure. Our fixed-effect panel regression results indicate a positive relation between innovation performance and inventory turnover ratio, and such a relation varies across industries. By differentiating process and product innovation according to patent usages, we find that process innovation has a consistent and long-lasting effect, whereas product innovation has an immediate but short-lasting effect. We also find supporting evidence for industry spillovers by showing that firms in a more innovative industry are likely to better manage their inventory performance. Our results confirm the benefit of using innovation in logistics and operations management and point to the strategic importance of integrating technology and operations management.
Persistent Identifierhttp://hdl.handle.net/10722/211463
ISSN
2015 Impact Factor: 2.604
2015 SCImago Journal Rankings: 2.262

 

DC FieldValueLanguage
dc.contributor.authorLee, HH-
dc.contributor.authorZhou, J-
dc.contributor.authorHsu, PH-
dc.date.accessioned2015-07-14T08:18:10Z-
dc.date.available2015-07-14T08:18:10Z-
dc.date.issued2015-
dc.identifier.citationDecision Support Systems, 2015, v. 76, p. 35-44-
dc.identifier.issn0167-9236-
dc.identifier.urihttp://hdl.handle.net/10722/211463-
dc.description.abstractHow a firm utilizes technological innovation to improve operations management is an important research question in today's knowledge economy but lacks empirical evidence in the literature. We use a dataset of all non-service U.S. public firms from 1976 to 2005 to examine how a firm's innovation performance is associated with its inventory turnover performance. In particular, we measure a firm's innovation performance by the ratio of its patents (either citations or counts) to its research and development (R&D) expenditure. Our fixed-effect panel regression results indicate a positive relation between innovation performance and inventory turnover ratio, and such a relation varies across industries. By differentiating process and product innovation according to patent usages, we find that process innovation has a consistent and long-lasting effect, whereas product innovation has an immediate but short-lasting effect. We also find supporting evidence for industry spillovers by showing that firms in a more innovative industry are likely to better manage their inventory performance. Our results confirm the benefit of using innovation in logistics and operations management and point to the strategic importance of integrating technology and operations management.-
dc.languageeng-
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/dss-
dc.relation.ispartofDecision Support Systems-
dc.titleThe Role of Innovation in Inventory Turnover Performance-
dc.typeArticle-
dc.identifier.emailLee, HH: hhlee@hku.hk-
dc.identifier.emailHsu, PH: paulhsu@hku.hk-
dc.identifier.authorityLee, HH=rp01556-
dc.identifier.authorityHsu, PH=rp01553-
dc.identifier.doi10.1016/j.dss.2015.02.010-
dc.identifier.hkuros244513-
dc.identifier.volume76-
dc.identifier.spage35-
dc.identifier.epage44-
dc.publisher.placeNetherlands-

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats