The product market power of major customer firms and their suppliers’ performance

Autor:	Guilong Cai, Jing Deng, Rui Ge, Guojian Zheng
Jazyk:	angličtina
Rok vydání:	2022
Předmět:	Customer–supplier relationship product market power firm performance Accounting. Bookkeeping HF5601-5689 Finance HG1-9999
Zdroj:	China Journal of Accounting Studies, Vol 10, Iss 4, Pp 435-458 (2022)
Druh dokumentu:	article
ISSN:	21697213 2169-7221 2169-7213
DOI:	10.1080/21697213.2022.2148907
Popis:	We find that when a major customer has greater market power in its industry, its supplier firm exhibits better performance. The effect of the major customer’s market power on its supplier’s performance is more pronounced when the economic bonding between the customer firm and the supplier is stronger, when the customer firm is geographically closer to its supplier, and when the relationship between the two firms matures. Furthermore, we document that a customer firm’s product market power increases demand stability for its supplier, reduces the supplier’s cost of debt, and improves the supplier’s investment efficiency.
Databáze:	Directory of Open Access Journals
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