| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16701 |
| DP16701 The Dark Side of Stakeholder Influence: The Surprising Effect of Customer Fraud on Suppliers | |
| Shantanu Banerjee; Sudipto Dasgupta; Rui Shi | |
| 发表日期 | 2022-02-12 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We show that influential stakeholders distort corporate policies when they cannot commit to a long-term relationship. Following the revelation of financial fraud by a major customer, suppliers surprisingly outperform a control group in terms of sales growth, Tobin’s Q and survival likelihood over a ten-year period. Our results suggest that, prior to the fraud revelation, managers’ short decision horizons and aversion to short-term risk or uncertainty enables influential customers to demand relationship-specific innovation when their bargaining power is stronger, leading to suboptimal diversification. When customer bargaining power weakens, suppliers engage in riskier and novel innovation, which diversifies the customer base. |
| 主题 | Financial Economics |
| 关键词 | Playing it safe Corporate fraud Explorative innovation Exploitative innovation Supply chain |
| URL | https://cepr.org/publications/dp16701-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545979 |
| 推荐引用方式 GB/T 7714 | Shantanu Banerjee,Sudipto Dasgupta,Rui Shi. DP16701 The Dark Side of Stakeholder Influence: The Surprising Effect of Customer Fraud on Suppliers. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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