Plausibly Exogenous - Customer Concentration (08/05/2021)
LHS Variable
Managerial risk-taking
RHS Variable
Concentration of a firm's customer base
Source of Exogenous Variation
M&A intensity in customer industries and the level of aggregate regulatory restrictions as instruments for customer concentration
- Chen et al. (2021), “Does Customer-Base Structure Influence Managerial Risk-Taking Incentives?”