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Toward the Factory of the Future pp 10–16Cite as

On Inventory Investment Determinants

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Abstract

This paper considersthe “Arrowian” inventory holding motives in the Finnish manufacture over the period 1975–1982. We focus on the analysis of the capital cost, inflation, and expectation factors. The main question is whether the investment behaviour of firms is mainly due to transactionary and speculative motives or due to buffer motives. The rather controversial role of real capital cost as an inventory investment determinant is analyzed, too.

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References

  1. Rubin, L.S., Aggregate Inventory Behavior: Response to Uncertainty andInterest Rates. Journal of Post Keynesian Economics, (Winter, 1979/80).

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  2. Lieberman, C., Inventory Demand and Cost of Capital Effects. Review of Economics and Statistics, ( August, 1980 ).

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  3. Irvine, F.O., Retail Inventory Investment and the Cost of Capital. American Economic Review, ( September, 1981 ).

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  4. Akhtar, M.A., Effects of Interest Rates and Inflation on Aggreagate Inventory Investment in the United States.American Economic Review, (June, 1983 ).

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  5. Honkapohja, S. and Kanniainen, V.,Corporate Taxation, Inventory Undervaluation and Dividend Policy, Discussion Paper, University of Helsinki, no. 135, (1980).

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  6. Kyläheiko, K. and Pirttilä,T., Interest Rates, Inflation and Inventory Investment: Some Finnish Experiences; Engineering Costs and Production Economics, (I ), 1985.

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Author information

Authors and Affiliations

  1. Lapeenranta University of Technology, Box 20, SF-53851, Lapeenranta 85, Finland

    Kalevi Kyläheiko & Timo Pirttilä

Authors
  1. Kalevi Kyläheiko
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  2. Timo Pirttilä
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Editor information

Editors and Affiliations

  1. FHG-IAO, Univ. Stuttgart, Germany

    H.-J. Bullinger (Chairman) (Chairman)

  2. FHG-IPA, Univ. Stuttgart, Germany

    H. J. Warnecke (Members) (Members)

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© 1985 Springer-Verlag Berlin Heidelberg

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Kyläheiko, K., Pirttilä, T. (1985). On Inventory Investment Determinants. In: Bullinger, HJ., Warnecke, H.J. (eds) Toward the Factory of the Future. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-82580-4_3

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  • DOI: https://doi.org/10.1007/978-3-642-82580-4_3

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-82582-8

  • Online ISBN: 978-3-642-82580-4

  • eBook Packages: Springer Book Archive

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