id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fbem-5272	Li, Weihan	Trade Policy Uncertainty and Enterprise Inventory Management Behavior	2023	4	.pdf	application/pdf	3144	119	45	The TPU index of the above product level can be used to describe the uncertainty of trade policy faced by industry i before China's accession to the WTO by simply averaging the TPU index to the 4-digit level of industrial industry classification; PostWTO02t is a time dummy variable, in which the value of 2002 and the years after 2002 is 1, and the value of the years before 2002 is 0; β measures the average difference of enterprise inventory between the industries with high NTR tariff difference and the industries with low NTR tariff difference before and after China's entry into the WTO, and immediately draws the effect of the decline of trade policy uncertainty on enterprise inventory management behavior; The control variable Xfit is other factors that may affect the inventory of the enterprise; αf is the fixed effect of the enterprise, which is used to control the influence of the factors that do not change with time at the enterprise level on the enterprise inventory; γt is a fixed time effect, which is used to control the impact of common time shocks such as macroeconomic fluctuations on enterprise inventory; ε is the random error term. Empirical Results and Analysis Table 1 reports the benchmark estimate results of the impact of trade policy uncertainty on enterprise inventory.	cache/fbem-5272.pdf	txt/fbem-5272.txt