Customer-Base Concentration, Investment, and Profitability: The U.S. Government as a Major Customer
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Material Type |
Article
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Author(s) |
Cohen, Daniel A. (Author)
Li, Bin (Author)
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Source Journal Info. |
Title:
The Accounting Review
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Volume/ Issue No.: 2020/JAN V.95 N.1
Call No.:657.05 ARE Location: Periodicals & References Hall - 2nd floor
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Physical Description |
p 101–131
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Subject Area/ Descriptors |
Accounting
(2845)
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Abstract |
We examine whether customer-base concentration has a differential impact on profitability for firms contracting with major government customers versus firms contracting with major corporate customers. We document that firm profitability increases with the concentration of major government customers, but decreases with the concentration of major corporate customers. We attribute the contrasting results to the differential impact of major government and corporate customers on demand uncertainty....
Full Abstract
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Journal:
The Accounting Review
(613)
Issu: 2020/JAN V.95 N.1
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