Linking Inventory Component Stickiness to Credit Ratings: The Moderating Role of Environmental Dynamism and Complexity

This study aims to investigate the impact of sticky inventory management on credit ratings for all three components (raw materials, work-in-process, and finished goods). Taking a group listed manufacturing firms in China from 2011 2019, we employed ordered probit regression model combined with moderation examine relationship between component stickiness two dimensions: environmental dynamism complexity. We find an inverted U-shaped effect raw material work-in-process corporate ratings, while goods exerts positive association ratings. Further analysis suggests that positively moderates materials but negatively In addition, is moderated by The results this provide more detailed picture regarding agencies’ perceptions stickiness.