Production type, managerial overconfidence and inventory turnaround time
- 주제(키워드) Production type , Managerial overconfidence , Inventory turnaround time
- 발행기관 고려대학교 대학원
- 지도교수 신호정
- 발행년도 2022
- 학위수여년월 2022. 8
- 학위명 석사
- 학과 및 전공 대학원 경영학과
- 세부전공 LSOM 전공
- 세부분야 해당없음
- 원문페이지 54 p
- 실제URI http://www.dcollection.net/handler/korea/000000268441
- UCI I804:11009-000000268441
- DOI 10.23186/korea.000000268441.11009.0001281
- 본문언어 영어
초록/요약
Production model may be influenced by bounded rationality and cognitive biases. Many literature discusses the impact of different production model on inventory time, however little attention has been paid to the mediating role of managers' behavioral decisions in the impact of production modes on inventory time. In view of this, this paper intervenes managerial overconfidence into the discussion based on upper echelon theory. The impact of production model and managerial overconfidence on inventory time is examined with data from 140,000 packaging material firms. The empirical results find that there are significant differences in the effects of different production model on inventory time. The effect of managerial overconfidence on inventory time also differs under different inventory paths. Overconfidence under some paths leads to an increase in inventory time; while in other cases, overconfidence leads to a decrease in inventory time. Compared with the existing literature, this paper is innovative in two aspects: (1) managerial overconfidence is embedded in operation management theory, and the theoretical influence mechanism of "production model-manager overconfidence-inventory time" is constructed, which expands the research perspective of production model and inventory management. (1) The research perspective of production model and inventory management is expanded by constructing a theoretical mechanism of "production model-manager overconfidence-inventory time". (2) The mediating effect of managerial overconfidence on production model and inventory time is modeled and empirically tested, which provides empirical evidence for production model selection and inventory management in production-oriented firms.
more목차
1. Introduction..............................................................................1
2. Literature Review....................................................................7
2.1 Production type................................................................7
2.2 Managerial overconfidence..............................................9
2.3 Overconfidence and Uncertainty.....................................18
2.4 Uncertainty and Overconfidence in Inventory Management.........................................................................19
3. Empirical Approach..............................................................22
3.1 Data sources...................................................................22
3.2 Research model..............................................................23
3.3 Variable measurements..................................................25
4. Results....................................................................................28
4.1 Descriptive statistics......................................................28
4.2 Measurements of overconfidence..................................30
4.3 Correlation Analysis......................................................31
4.4 Regression analysis.......................................................33
5. Conclusion and Discussion..................................................38
REFRENCE..............................................................................41
