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Suppliers' Product Market Competition, Customer Concentration, and Cost Structure
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Suppliers' Product Market Competition, Customer Concentration, and Cost Structure (2020)Suppliers' Product Market Competition, Cu…Text-Based Network Industries and Endogenous Product Differentiation (2016)Text-Based Network Industries…Customer concentration risk and the cost of equity capital (2015)Customer concentration risk a…Product Market Threats, Payouts, and Financial Flexibility (2012)Product Market Threats, Payou…Do Earnings Targets and Managerial Incentives Affect Sticky Costs? (2012)Do Earnings Targets and Manag…Customer-Base Concentration: Implications for Firm Performance and Capital Markets (2011)Customer-Base Concentration: …Product Market Synergies and Competition in Mergers and Acquisitions: A Text-Based Analysis (2010)Product Market Synergies and …Relationship-Specific Investments and Earnings Management: Evidence on Corporate Suppliers and Customers (2008)Relationship-Specific Investm…Financial Accounting Standards Board (FASB) (2008)Financial Accounting Standard…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Estimating Standard Errors in…Power Imbalance, Mutual Dependence, and Constraint Absorption: A Closer Look at Resource Dependence Theory (2005)Power Imbalance, Mutual Depen…Are Selling, General, and Administrative Costs “Sticky”? (2003)Are Selling, General, and Adm…Contract duration and relationship-specific investments: Empirical evidence from coal markets (1987)Contract duration and relatio…The Impact of the Degrees of Operating and Financial Leverage on Systematic Risk of Common Stock (1984)The Impact of the Degrees of …Transaction-Cost Economics: The Governance of Contractual Relations (1979)Transaction-Cost Economics: T…On the Association Between Operating Leverage and Risk (1974)On the Association Between Op…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…How digital transformation enhances firm performance: Underlying knowledge and mechanisms from the perspective of value creation (2026)How digital transformation en…The effect of customer and supplier concentration on firm productivity: The moderating role of the firm's dominant position in the supply chain network (2025)The effect of customer and su…The effect of cybersecurity legislation on firm cost behavior: Evidence from China (2024)The effect of cybersecurity l…The bullwhip effect, demand uncertainty, and cost structure (2023)The bullwhip effect, demand u…Supplier-Base Concentration and Cost Structure (2023)Supplier-Base Concentration a…Economic Action and Social Structure: The Problem of Embeddedness (1985)Constructing Markets and Shaping Boundaries: Entrepreneurial Power in Nascent Fields (2009)Origin of Alliance Portfolios: Entrepreneurs, Network Strategies, and Firm Performance (2009)External Control of Organizations: Resource Dependence Perspective (2011)Synthesizing and Extending Resource Dependence Theory (2013)Exchange and Power in Social Life (2017)Limited-dependent and qualitative variables in econometrics (1983)The Economic Institutions of Capitalism (1987)Chapter 3 Transaction cost economics (1989)The Efficiency of Incomplete Contracts: An Empirical Analysis of Air Force Engine Procurement (1993)Four formal(izable) theories of the firm? (2005)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The theory and practice of econometrics (1986)Handbook of Management Accounting Research (2009)Cost Behavior and Analysts’ Earnings Forecasts (2010)Employment protection legislation, adjustment costs and cross-country differences in cost behavior (2012)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)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)The General Theory of Employment, Interest and Money. (1936)The economic implications of corporate financial reporting (2005)When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks (2011)Socially responsible firms (2016)Peer Effects of Corporate Social Responsibility (2019)Artificial intelligence, firm growth, and product innovation (2023)The Strength of Weak Ties (1973)Management ownership and market valuation (1988)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Corporate social responsibility and stakeholder value maximization: Evidence from mergers (2013)Measuring Economic Policy Uncertainty* (2016)Stability in Competition (1929)Stability in Competition (1990)Textual Analysis in Accounting and Finance: A Survey (2016)Text as Data (2019)Specification Tests in Econometrics (1978)Econometric Analysis of Cross Section and Panel Data (2001)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Robust Inference With Multiway Clustering (2011)Policy Uncertainty and Corporate Investment (2015)The Role of Market Forces in Assuring Contractual Performance (1981)Comparative Economic Organization: The Analysis of Discrete Structural Alternatives (1991)Economic Action and Social Structure: The Problem of Embeddedness (2002)The World Price of Earnings Opacity (2003)The Information Role of Conservatism (2008)An Examination of Corporate Tax Shelter Participants (2009)
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References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2008Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches10,793 cited
  • 1979Transaction-Cost Economics: The Governance of Contractual Relations10,182 cited
  • 2016Text-Based Network Industries and Endogenous Product Differentiation2,114 cited
  • 2010Product Market Synergies and Competition in Mergers and Acquisitions: A Text-Based Analysis1,498 cited
  • 2005Power Imbalance, Mutual Dependence, and Constraint Absorption: A Closer Look at Resource Dependence Theory1,475 cited
  • 2003Are Selling, General, and Administrative Costs “Sticky”?1,361 cited
  • 2012Product Market Threats, Payouts, and Financial Flexibility1,152 cited
  • 2008Financial Accounting Standards Board (FASB)1,095 cited
  • 1987Contract duration and relationship-specific investments: Empirical evidence from coal markets941 cited
  • 2015Customer concentration risk and the cost of equity capital890 cited
  • 2011Customer-Base Concentration: Implications for Firm Performance and Capital Markets789 cited
  • 2008Relationship-Specific Investments and Earnings Management: Evidence on Corporate Suppliers and Customers619 cited
  • 1984The Impact of the Degrees of Operating and Financial Leverage on Systematic Risk of Common Stock582 cited

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  • 1974On the Association Between Operating Leverage and Risk513 cited
  • 2012Do Earnings Targets and Managerial Incentives Affect Sticky Costs?462 cited
  • Cited by

    • 2023Supplier-Base Concentration and Cost Structure23 cited
    • 2023The bullwhip effect, demand uncertainty, and cost structure20 cited
    • 2024The effect of cybersecurity legislation on firm cost behavior: Evidence from China20 cited
    • 2025The effect of customer and supplier concentration on firm productivity: The moderating role of the firm's dominant position in the supply chain network16 cited
    • 2026How digital transformation enhances firm performance: Underlying knowledge and mechanisms from the perspective of value creation12 cited