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The effect of major customer concentration on firm profitability: competitive or collaborative?
16 references·16 citing·34 second hopsampled
The effect of major customer concentration on firm profitability: competitive or collaborative? (2018)The effect of major customer concentratio…Customer concentration risk and the cost of equity capital (2015)Customer concentration risk a…Customer Concentration and Loan Contract Terms (2014)Customer Concentration and Lo…The Importance of Industry Links in Merger Waves (2013)The Importance of Industry Li…Proprietary Costs and the Disclosure of Information About Customers (2012)Proprietary Costs and the Dis…Customer-Base Concentration: Implications for Firm Performance and Capital Markets (2011)Customer-Base Concentration: …Corporate suppliers and customers and accounting conservatism (2011)Corporate suppliers and custo…Sources of gains in horizontal mergers: evidence from customer, supplier, and rival firms (2004)Sources of gains in horizonta…Industry structure and horizontal takeovers: Analysis of wealth effects on rivals, suppliers, and corporate customers (2004)Industry structure and horizo…Strategic alliances: An entrepreneurial approach to globalization (1996)Strategic alliances: An entre…Industrial market structure and economic performance (1990)Industrial market structure a…How Competitive Forces Shape Strategy (1989)How Competitive Forces Shape …Chapter 4 Vertical integration: Determinants and effects (1989)Chapter 4 Vertical integratio…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Industrial Market Structure and Economic Performance. (1971)Industrial Market Structure a…A Theory of Oligopoly (1964)A Theory of OligopolyAmerican Capitalism. The Concept of Countervailing Power (1954)American Capitalism. The Conc…The Effect of Environmental, Social, and Governance (ESG) Disclosure on the Profitability of Saudi-Listed Firms: Insights from Saudi Vision 2030 (2025)The Effect of Environmental, …The effect of stability and concentration of upstream and downstream relationships of focal firms on two-level trade credit (2024)The effect of stability and c…Supply chain concentration, digitalization and servitization of manufacturing firms (2024)Supply chain concentration, d…Unleashing the power of supply chain learning: an empirical investigation (2023)Unleashing the power of suppl…Supply-Chain Concentration and Inefficient Investment (2023)Supply-Chain Concentration an…How to deal with customer and supplier concentration to attain sustainable financial growth? The role of business strategy (2023)How to deal with customer and…Does supply chain concentration improve sustainability performance: the role of operational slack and information transparency (2023)Does supply chain concentrati…Customer concentration and corporate financialization: Evidence from non-financial firms in China (2023)Customer concentration and co…Collaborative insights on horizontal logistics to integrate supply chain planning and transportation logistics planning – A systematic review and thematic mapping (2023)Collaborative insights on hor…Using Economic Links between Firms to Detect Accounting Fraud (2022)Using Economic Links between …Supplier-base concentration and efficiency: the moderating roles of R&D expenditure and market share (2022)Supplier-base concentration a…Voluntary disclosure when private information and disclosure costs are jointly determined (2021)Voluntary disclosure when pri…The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan (2021)The effects of managerial abi…Governments as customers: Exploring the effects of government customers on supplier firms’ information quality (2021)Governments as customers: Exp…Managing firm risk through supply chain dependence: an SME perspective (2020)Managing firm risk through su…Labor Unionization and Supply-Chain Partners’ Performance (2019)Labor Unionization and Supply…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)Investigating Causal Relations by Econometric Models and Cross-spectral Methods (1969)Common risk factors in the returns on stocks and bonds (1993)… and the Cross-Section of Expected Returns (2015)Are US Industries Becoming More Concentrated? (2019)Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms (1988)Industry costs of equity (1997)The Limitations of Industry Concentration Measures Constructed with Compustat Data: Implications for Finance Research (2008)Corporate Innovation Along the Supply Chain (2018)On Persistence in Mutual Fund Performance (1997)Carbon Risk and Corporate Capital Structure (2018)The Effects of Financial Reporting and Disclosure on Corporate Investment: A Review (2019)Navigating through economic policy uncertainty: The role of corporate cash holdings (2020)Markets with Consumer Switching Costs (1987)Deposit Insurance, Risk, and Market Power in Banking (1988)Chapter 17 Empirical studies of industries with market power (1989)Exchange and Power in Networks of Interorganizational Relations (1977)Chapter 18 Empirical studies of innovation and market structure (1989)1 Moving Beyond Schumpeter: Management Research on the Determinants of Technological Innovation (2008)Innovation, growth and survival (1995)When do firms learn from their acquisition experience? Evidence from 1990 to 1995 (2001)Fifty Years of Empirical Studies of Innovative Activity and Performance (2010)Selling China: Foreign Direct Investment during the Reform Era (2004)Learning and Knowledge Transfer in Strategic Alliances: A Social Exchange View (2005)Coopetition—Quo vadis? Past accomplishments and future challenges (2014)Sectoral patterns of technical change: Towards a taxonomy and a theory (1984)First-mover advantages (1988)Sources, Procedures, and Microeconomic Effects of Innovation (2000)From Competitive Advantage to Corporate Strategy (1989)Destination Positioning Analysis through a Comparison of Cognitive, Affective, and Conative Perceptions (2004)Progress in information technology and tourism management: 20 years on and 10 years after the Internet—The state of eTourism research (2008)
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References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1971Industrial Market Structure and Economic Performance.6,267 cited
  • 1989How Competitive Forces Shape Strategy3,267 cited
  • 1990Industrial market structure and economic performance2,573 cited
  • 1964A Theory of Oligopoly1,817 cited
  • 2015Customer concentration risk and the cost of equity capital890 cited
  • 1954American Capitalism. The Concept of Countervailing Power836 cited
  • 2011Customer-Base Concentration: Implications for Firm Performance and Capital Markets789 cited
  • 1996Strategic alliances: An entrepreneurial approach to globalization726 cited
  • 2004Sources of gains in horizontal mergers: evidence from customer, supplier, and rival firms706 cited
  • 2014Customer Concentration and Loan Contract Terms576 cited
  • 1989Chapter 4 Vertical integration: Determinants and effects524 cited
  • 2012Proprietary Costs and the Disclosure of Information About Customers521 cited
  • 2013The Importance of Industry Links in Merger Waves494 cited
  • 2011Corporate suppliers and customers and accounting conservatism458 cited
  • 2004

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Industry structure and horizontal takeovers: Analysis of wealth effects on rivals, suppliers, and corporate customers
377 cited

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  • 2023Does supply chain concentration improve sustainability performance: the role of operational slack and information transparency85 cited
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  • 2023How to deal with customer and supplier concentration to attain sustainable financial growth? The role of business strategy58 cited
  • 2023Customer concentration and corporate financialization: Evidence from non-financial firms in China56 cited
  • 2024The effect of stability and concentration of upstream and downstream relationships of focal firms on two-level trade credit55 cited
  • 2021The effects of managerial ability on firm performance and the mediating role of capital structure: evidence from Taiwan53 cited
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  • 2023Collaborative insights on horizontal logistics to integrate supply chain planning and transportation logistics planning – A systematic review and thematic mapping48 cited
  • 2021Governments as customers: Exploring the effects of government customers on supplier firms’ information quality48 cited
  • 2023Unleashing the power of supply chain learning: an empirical investigation43 cited
  • 2020Managing firm risk through supply chain dependence: an SME perspective42 cited
  • 2022Using Economic Links between Firms to Detect Accounting Fraud37 cited
  • 2023Supply-Chain Concentration and Inefficient Investment35 cited
  • 2024Supply chain concentration, digitalization and servitization of manufacturing firms28 cited
  • 2022Supplier-base concentration and efficiency: the moderating roles of R&D expenditure and market share28 cited
  • 2019Labor Unionization and Supply-Chain Partners’ Performance23 cited