JIT Adoption: The Effects of LIFO Reserves and Financial Reporting and Tax Incentives*
研究企业采纳准时制生产（JIT）决策与LIFO储备、财务报告及税收激励、盈余管理历史的关系，发现LIFO储备与收入平滑、债务契约和税收激励的交互作用影响采纳决策，且高盈余管理企业更少采纳JIT。
Abstract Using matched samples of JIT adopters and nonadopters, we examine the association of JIT adoption with firms' financial reporting and tax incentives, earnings‐management histories, and LIFO reserve levels. We find evidence that adoption decisions are influenced by the interaction of firms' LIFO reserves with their income smoothing, debt covenant, and tax incentives. We also find that adoption is less likely for firms historically engaging in high degrees of earnings management, particularly when such firms have no substantial LIFO reserves. Our study extends earlier research demonstrating a relation between inventory valuation method and year‐end inventory transactions, and documents a relation between earnings‐management incentives and a fundamental supply‐chain design choice.