Suppliers' Product Market Competition, Customer Concentration, and Cost Structure

被引：15
|
作者：
Chang, Hsihui [1 ]
Hall, Curtis M. [1 ]
Paz, Michael T. [2 ]
机构：
[1] Drexel Univ, LeBow Coll Business, Dept Accounting, Philadelphia, PA 19104 USA
[2] Cornell Univ, SC Johnson Coll Business, Sch Hotel Adm, Ithaca, NY 14853 USA
来源：
JOURNAL OF MANAGEMENT ACCOUNTING RESEARCH | 2021年 / 33卷 / 03期
关键词：
customer concentration; cost structure; transaction cost economics; competition; RELATIONSHIP-SPECIFIC INVESTMENTS; BASE CONCENTRATION; RISK; UNCERTAINTY; BEHAVIOR; LEVERAGE;
D O I：
10.2308/JMAR-17-070
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We examine how suppliers' product market competition influences the relation between customer concentration and cost structure. Analyzing cost data from a sample of manufacturing firms, we find that suppliers exhibit more rigid cost structure when both product market competition and customer concentration are high. In further analysis, we find that the effect of competition on the relationship between customer concentration and cost structure is isolated to the COGS and COGM. Our results suggest that suppliers trade off the downside risk of having fixed costs that cannot be reassigned with the potential upside benefit of meeting major customer demands.
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页码：9 / 27
页数：19
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