{"id":"https://openalex.org/W1973083397","doi":"https://doi.org/10.1080/09537287.2013.797123","title":"Inventory leanness and the financial performance of firms","display_name":"Inventory leanness and the financial performance of firms","publication_year":2013,"publication_date":"2013-05-22","ids":{"openalex":"https://openalex.org/W1973083397","doi":"https://doi.org/10.1080/09537287.2013.797123","mag":"1973083397"},"language":"en","primary_location":{"id":"doi:10.1080/09537287.2013.797123","doi":"https://doi.org/10.1080/09537287.2013.797123","is_oa":false,"landing_page_url":"https://doi.org/10.1080/09537287.2013.797123","pdf_url":null,"source":{"id":"https://openalex.org/S165057322","display_name":"Production Planning & Control","issn_l":"0953-7287","issn":["0953-7287","1366-5871"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","dongbi-b","fnege-2","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Production Planning & Control","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://infoscience.epfl.ch/bitstreams/33fa50bb-28fd-4d52-b880-61a93f16780f/download","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5047397362","display_name":"Olov H.D. Isaksson","orcid":"https://orcid.org/0000-0002-0777-6800","observed_orcids":["https://orcid.org/0000-0002-0777-6800"]},"institutions":[{"id":"https://openalex.org/I5124864","display_name":"\u00c9cole Polytechnique F\u00e9d\u00e9rale de Lausanne","ror":"https://ror.org/02s376052","country_code":"CH","type":"education","lineage":["https://openalex.org/I2799323385","https://openalex.org/I5124864"]}],"countries":["CH"],"is_corresponding":true,"raw_author_name":"Olov H.D. Isaksson","raw_affiliation_strings":["\u00c9cole Polytechnique F\u00e9d\u00e9rale de Lausanne (EPFL), College of Management of Technology, Lausanne, Switzerland"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"\u00c9cole Polytechnique F\u00e9d\u00e9rale de Lausanne (EPFL), College of Management of Technology, Lausanne, Switzerland","institution_ids":["https://openalex.org/I5124864"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5072892675","display_name":"Ralf W. Seifert","orcid":"https://orcid.org/0000-0002-2090-992X","observed_orcids":["https://orcid.org/0000-0002-2090-992X"]},"institutions":[{"id":"https://openalex.org/I130154697","display_name":"International Institute for Management Development","ror":"https://ror.org/04mv5gg87","country_code":"CH","type":"education","lineage":["https://openalex.org/I130154697"]},{"id":"https://openalex.org/I5124864","display_name":"\u00c9cole Polytechnique F\u00e9d\u00e9rale de Lausanne","ror":"https://ror.org/02s376052","country_code":"CH","type":"education","lineage":["https://openalex.org/I2799323385","https://openalex.org/I5124864"]}],"countries":["CH"],"is_corresponding":false,"raw_author_name":"Ralf W. Seifert","raw_affiliation_strings":["IMD, Lausanne, Switzerland","\u00c9cole Polytechnique F\u00e9d\u00e9rale de Lausanne (EPFL), College of Management of Technology, Lausanne, Switzerland"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"IMD, Lausanne, Switzerland","institution_ids":["https://openalex.org/I130154697"]},{"raw_affiliation_string":"\u00c9cole Polytechnique F\u00e9d\u00e9rale de Lausanne (EPFL), College of Management of Technology, Lausanne, Switzerland","institution_ids":["https://openalex.org/I5124864"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5047397362"],"corresponding_institution_ids":["https://openalex.org/I5124864"],"apc_list":null,"apc_paid":null,"fwci":2.6972,"has_fulltext":true,"cited_by_count":100,"citation_normalized_percentile":{"value":0.90412513,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"25","issue":"12","first_page":"999","last_page":"1014"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10164","display_name":"Quality and Supply Management","score":0.6601999998092651,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10164","display_name":"Quality and Supply Management","score":0.6601999998092651,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10328","display_name":"Supply Chain and Inventory Management","score":0.26899999380111694,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12544","display_name":"Working Capital and Financial Performance","score":0.05950000137090683,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-performance","display_name":"financial performance","score":0.777999997138977},{"id":"https://openalex.org/keywords/profitability","display_name":"profitability","score":0.847000002861023},{"id":"https://openalex.org/keywords/manufacturing-firms","display_name":"manufacturing companies","score":0.7049999833106995},{"id":"https://openalex.org/keywords/raw-material-inventory","display_name":"raw material inventory","score":0.8209999799728394},{"id":"https://openalex.org/keywords/work-in-progress","display_name":"work-in-process inventory","score":0.8949999809265137},{"id":"https://openalex.org/keywords/finished-goods-inventory","display_name":"finished goods inventory","score":0.972000002861023},{"id":"https://openalex.org/keywords/nonlinear-relationship","display_name":"nonlinear relationship","score":0.6990000009536743},{"id":"https://openalex.org/keywords/lean-manufacturing","display_name":"lean manufacturing","score":0.48899999260902405},{"id":"https://openalex.org/keywords/industry-differences","display_name":"industry differences","score":0.7080000042915344}],"concepts":[{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.8176263570785522},{"id":"https://openalex.org/C161741011","wikidata":"https://www.wikidata.org/wiki/Q1408229","display_name":"Finished good","level":3,"score":0.5869108438491821},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.5584624409675598},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5296326279640198},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.47628870606422424},{"id":"https://openalex.org/C180075932","wikidata":"https://www.wikidata.org/wiki/Q5333342","display_name":"Econometric model","level":2,"score":0.4672996997833252},{"id":"https://openalex.org/C199226685","wikidata":"https://www.wikidata.org/wiki/Q1800351","display_name":"Inventory turnover","level":3,"score":0.44866687059402466},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.4153883457183838},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3855949342250824},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3098370134830475},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.21312454342842102},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.17254963517189026},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1080/09537287.2013.797123","doi":"https://doi.org/10.1080/09537287.2013.797123","is_oa":false,"landing_page_url":"https://doi.org/10.1080/09537287.2013.797123","pdf_url":null,"source":{"id":"https://openalex.org/S165057322","display_name":"Production Planning & Control","issn_l":"0953-7287","issn":["0953-7287","1366-5871"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","dongbi-b","fnege-2","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Production Planning & Control","raw_type":"journal-article"},{"id":"pmh:oai:infoscience.tind.io:187658","doi":null,"is_oa":true,"landing_page_url":"http://www.tandfonline.com/doi/pdf/10.1080/09537287.2013.797123","pdf_url":"https://infoscience.epfl.ch/bitstreams/33fa50bb-28fd-4d52-b880-61a93f16780f/download","source":{"id":"https://openalex.org/S4306400487","display_name":"Infoscience (Ecole Polytechnique F\u00e9d\u00e9rale de Lausanne)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I5124864","host_organization_name":"\u00c9cole Polytechnique F\u00e9d\u00e9rale de Lausanne","host_organization_lineage":["https://openalex.org/I5124864"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"research article"},{"id":"pmh:oai:infoscience.epfl.ch:187658","doi":null,"is_oa":true,"landing_page_url":"http://infoscience.epfl.ch/record/187658","pdf_url":null,"source":{"id":"https://openalex.org/S4306400487","display_name":"Infoscience (Ecole Polytechnique F\u00e9d\u00e9rale de Lausanne)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I5124864","host_organization_name":"\u00c9cole Polytechnique F\u00e9d\u00e9rale de Lausanne","host_organization_lineage":["https://openalex.org/I5124864"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Text"}],"best_oa_location":{"id":"pmh:oai:infoscience.tind.io:187658","doi":null,"is_oa":true,"landing_page_url":"http://www.tandfonline.com/doi/pdf/10.1080/09537287.2013.797123","pdf_url":"https://infoscience.epfl.ch/bitstreams/33fa50bb-28fd-4d52-b880-61a93f16780f/download","source":{"id":"https://openalex.org/S4306400487","display_name":"Infoscience (Ecole Polytechnique F\u00e9d\u00e9rale de Lausanne)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I5124864","host_organization_name":"\u00c9cole Polytechnique F\u00e9d\u00e9rale de Lausanne","host_organization_lineage":["https://openalex.org/I5124864"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"research article"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.7257999777793884}],"sustainable_development_goals_aurora":[{"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9","score":0.550000011920929}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W1973083397.pdf","grobid_xml":"https://content.openalex.org/works/W1973083397.grobid-xml"},"referenced_works_count":28,"referenced_works":["https://openalex.org/W105270362","https://openalex.org/W1487607581","https://openalex.org/W1968184450","https://openalex.org/W1978972567","https://openalex.org/W1979504609","https://openalex.org/W1985131171","https://openalex.org/W2018882134","https://openalex.org/W2019360628","https://openalex.org/W2037406159","https://openalex.org/W2047111871","https://openalex.org/W2047134779","https://openalex.org/W2058482774","https://openalex.org/W2069500873","https://openalex.org/W2077226410","https://openalex.org/W2085537863","https://openalex.org/W2098756964","https://openalex.org/W2114946589","https://openalex.org/W2118420923","https://openalex.org/W2121322921","https://openalex.org/W2122338651","https://openalex.org/W2127874416","https://openalex.org/W2130557145","https://openalex.org/W2140249130","https://openalex.org/W2147061360","https://openalex.org/W2160822053","https://openalex.org/W2168578989","https://openalex.org/W2248578080","https://openalex.org/W4234156351"],"related_works":["https://openalex.org/W2018882134","https://openalex.org/W3173859803","https://openalex.org/W4280500620","https://openalex.org/W4402272560","https://openalex.org/W4389215039","https://openalex.org/W2103917967","https://openalex.org/W2062544261","https://openalex.org/W2157012420","https://openalex.org/W2596244318","https://openalex.org/W2763598108"],"abstract_inverted_index":{"This":[0],"paper":[1],"examines":[2],"the":[3,26,51,62,66,84,94,149,184],"financial":[4,45],"consequences":[5],"that":[6,50,83,118,175],"inventory":[7,42,97,164],"leanness":[8,43,75],"has":[9],"on":[10,92],"firm":[11,151],"performance.":[12,46],"We":[13,81,145],"conduct":[14],"an":[15,30,78],"econometric":[16,173],"analysis":[17],"using":[18],"4324":[19],"publicly":[20],"traded":[21],"US":[22],"manufacturing":[23],"companies":[24],"for":[25],"period":[27],"1980\u20132008.":[28],"Using":[29],"instrumental":[31],"variable":[32],"fixed":[33],"effects":[34],"estimator":[35],"we":[36,48,169,176],"find":[37],"a":[38,71,137],"nonlinear":[39],"relationship":[40,58,88],"between":[41],"and":[44,96,104,111,131,157,166],"However,":[47],"note":[49],"maximum":[52],"point":[53],"of":[54,65,86,114],"this":[55,87,160],"inverted":[56],"U-shaped":[57],"often":[59],"lies":[60],"at":[61],"extreme":[63],"end":[64],"investigated":[67],"sample":[68],"\u2013":[69],"suggesting":[70],"decreasing":[72],"return":[73],"from":[74],"rather":[76],"than":[77],"optimal":[79],"level.":[80],"show":[82,158],"strength":[85],"is":[89,117],"highly":[90],"dependent":[91],"both":[93],"industry":[95],"component":[98,165],"(raw":[99],"materials,":[100],"work":[101],"in":[102],"process":[103],"finished":[105],"goods)":[106],"studied.":[107],"The":[108],"main":[109],"novelty":[110],"direct":[112],"implication":[113],"our":[115],"findings":[116],"most":[119],"firms":[120],"still":[121],"have":[122],"much":[123,148],"potential":[124],"to":[125,135],"increase":[126],"profitability":[127,140],"by":[128,154,163],"becoming":[129,155],"leaner":[130,156],"they":[132],"are":[133],"unlikely":[134],"cross":[136],"threshold":[138],"where":[139],"decreases":[141],"with":[142],"increased":[143],"leanness.":[144],"display":[146],"how":[147,159],"average":[150],"could":[152],"gain":[153],"sensitivity":[161],"changes":[162],"industry.":[167],"Finally,":[168],"highlight":[170],"several":[171],"new":[172],"aspects":[174],"believe":[177],"must":[178],"be":[179],"addressed":[180],"when":[181],"empirically":[182],"investigating":[183],"inventory-performance":[185],"link.":[186]},"counts_by_year":[{"year":2026,"cited_by_count":12},{"year":2025,"cited_by_count":9},{"year":2024,"cited_by_count":9},{"year":2023,"cited_by_count":10},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":13},{"year":2020,"cited_by_count":12},{"year":2019,"cited_by_count":8},{"year":2018,"cited_by_count":12},{"year":2017,"cited_by_count":6},{"year":2016,"cited_by_count":3},{"year":2014,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}