Customer Concentration Risk and the Cost of Equity Capital

741 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Policy uncertainty and loan loss provisions in the banking industry (2020, positive): “Conversely, customer concentration increases industrial companies’ risk and cost of capital (Dhaliwal et al., 2016; Campello and Gao, 2017), while loan type concentration increases the probability of bank failure (Ng and Roychowdhury, 2014).”
Customer‐Base Concentration and Inventory Efficiencies: Evidence from the Manufacturing Sector (2016, background): “Dhaliwal et al. (2015) provide evidence that implied cost of capital estimates as well as measures of systematic risk and idiosyncratic risk increase with major customer dependency.”
The effects of financial reporting and disclosure on corporate investment: A review (2019, result): “Dhaliwal et al. (2016) present similar findings as Cai et al. (2016) but suggest that much of the value generated by common auditors is captured by the acquiring firms’ investors because the auditor’s interests are more aligned with those of the”
Carbon risk and corporate capital structure (2020, neutral): “This measure is computed as the annualized standard deviation of the residuals from regressing daily individual stock returns on market returns (Dhaliwal et al. (2016)).”