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Operational decisions of public firms and feedback mechanism from stock market

Author

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  • Huang, Xiaohong
  • Xu, Yue
  • Ni, Jian

Abstract

We investigate the operational strategy of a public firm under feedback effect. We find that the manager who learns useful information from stock market will expand firm production in average. But the average selling price can remain unchanged, leading to the improved firm profitability due to managerial learning.

Suggested Citation

  • Huang, Xiaohong & Xu, Yue & Ni, Jian, 2024. "Operational decisions of public firms and feedback mechanism from stock market," Economics Letters, Elsevier, vol. 238(C).
    • Handle: RePEc:eee:ecolet:v:238:y:2024:i:c:s0165176524001794
    DOI: 10.1016/j.econlet.2024.111696
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    More about this item

    Keywords

    Decision making; Operations Management; Learning; Feedback mechanism;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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