{"id":"https://openalex.org/W4304689607","doi":"https://doi.org/10.1016/j.qref.2022.10.002","title":"Customer concentration, managerial risk aversion, and independent directors: A quasi-natural experiment","display_name":"Customer concentration, managerial risk aversion, and independent directors: A quasi-natural experiment","publication_year":2022,"publication_date":"2022-10-12","ids":{"openalex":"https://openalex.org/W4304689607","doi":"https://doi.org/10.1016/j.qref.2022.10.002"},"language":"en","primary_location":{"id":"doi:10.1016/j.qref.2022.10.002","doi":"https://doi.org/10.1016/j.qref.2022.10.002","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.qref.2022.10.002","pdf_url":null,"source":{"id":"https://openalex.org/S125273398","display_name":"The Quarterly Review of Economics and Finance","issn_l":"1062-9769","issn":["1062-9769","1878-4259"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Quarterly Review of Economics and Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.4244320","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5053861012","display_name":"Pattanaporn Chatjuthamard","orcid":"https://orcid.org/0000-0003-1479-1969","observed_orcids":["https://orcid.org/0000-0003-1479-1969"]},"institutions":[{"id":"https://openalex.org/I158708052","display_name":"Chulalongkorn University","ror":"https://ror.org/028wp3y58","country_code":"TH","type":"education","lineage":["https://openalex.org/I158708052"]}],"countries":["TH"],"is_corresponding":false,"raw_author_name":"Pattanaporn Chatjuthamard","raw_affiliation_strings":["Center of Excellence in Management Research for Corporate Governance and Behavioral Finance, Sasin School of Management, Chulalongkorn University, Thailand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Center of Excellence in Management Research for Corporate Governance and Behavioral Finance, Sasin School of Management, Chulalongkorn University, Thailand","institution_ids":["https://openalex.org/I158708052"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5081657050","display_name":"Ploypailin Kijkasiwat","orcid":"https://orcid.org/0000-0001-5088-8990","observed_orcids":["https://orcid.org/0000-0001-5088-8990","https://orcid.org/0000-0002-1400-856X"]},"institutions":[{"id":"https://openalex.org/I179193067","display_name":"Khon Kaen University","ror":"https://ror.org/03cq4gr50","country_code":"TH","type":"education","lineage":["https://openalex.org/I179193067"]}],"countries":["TH"],"is_corresponding":true,"raw_author_name":"Ploypailin Kijkasiwat","raw_affiliation_strings":["Faculty of Business Administration and Accountancy, Khon Kaen University, Khon Kaen, Thailand"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Business Administration and Accountancy, Khon Kaen University, Khon Kaen, Thailand","institution_ids":["https://openalex.org/I179193067"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5085978227","display_name":"Pornsit Jiraporn","orcid":"https://orcid.org/0000-0001-5480-7158","observed_orcids":["https://orcid.org/0000-0001-5480-7158"]},"institutions":[{"id":"https://openalex.org/I130769515","display_name":"Pennsylvania State University","ror":"https://ror.org/04p491231","country_code":"US","type":"education","lineage":["https://openalex.org/I130769515"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Pornsit Jiraporn","raw_affiliation_strings":["Pennsylvania State University, Great Valley School of Graduate Professional Studies, United States"],"raw_orcid":"https://orcid.org/0000-0001-5480-7158","affiliations":[{"raw_affiliation_string":"Pennsylvania State University, Great Valley School of Graduate Professional Studies, United States","institution_ids":["https://openalex.org/I130769515"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5102495176","display_name":"Sang Mook Lee","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I130769515","display_name":"Pennsylvania State University","ror":"https://ror.org/04p491231","country_code":"US","type":"education","lineage":["https://openalex.org/I130769515"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Sang Mook Lee","raw_affiliation_strings":["Pennsylvania State University, Great Valley School of Graduate Professional Studies, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Pennsylvania State University, Great Valley School of Graduate Professional Studies, United States","institution_ids":["https://openalex.org/I130769515"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5081657050"],"corresponding_institution_ids":["https://openalex.org/I179193067"],"apc_list":{"value":1940,"currency":"USD","value_usd":1940},"apc_paid":null,"fwci":1.9966,"has_fulltext":false,"cited_by_count":15,"citation_normalized_percentile":{"value":0.87130472,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":95,"max":98},"biblio":{"volume":"89","issue":null,"first_page":"358","last_page":"368"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9937000274658203,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9937000274658203,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.0010999999940395355,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/board-independence","display_name":"board independence","score":0.7609999775886536},{"id":"https://openalex.org/keywords/independent-directors","display_name":"independent directors","score":0.9900000095367432},{"id":"https://openalex.org/keywords/customer-concentration","display_name":"customer concentration","score":0.996999979019165},{"id":"https://openalex.org/keywords/managerial-risk-aversion","display_name":"managerial risk aversion","score":0.996999979019165},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"corporate governance","score":0.9160000085830688},{"id":"https://openalex.org/keywords/regulatory-change","display_name":"regulatory change","score":0.47600001096725464},{"id":"https://openalex.org/keywords/risk-taking","display_name":"risk-taking","score":0.6949999928474426},{"id":"https://openalex.org/keywords/shareholder-wealth-maximization","display_name":"shareholder wealth maximization","score":0.8669999837875366},{"id":"https://openalex.org/keywords/banking-regulation","display_name":"banking regulation","score":0.4339999854564667}],"concepts":[{"id":"https://openalex.org/C17923572","wikidata":"https://www.wikidata.org/wiki/Q7250160","display_name":"Propensity score matching","level":2,"score":0.6191881895065308},{"id":"https://openalex.org/C2776330181","wikidata":"https://www.wikidata.org/wiki/Q18358244","display_name":"Maximization","level":2,"score":0.6107536554336548},{"id":"https://openalex.org/C49630185","wikidata":"https://www.wikidata.org/wiki/Q6980675","display_name":"Natural experiment","level":2,"score":0.6078343391418457},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5811512470245361},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5328868627548218},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.48274296522140503},{"id":"https://openalex.org/C35651441","wikidata":"https://www.wikidata.org/wiki/Q625303","display_name":"Independence (probability theory)","level":2,"score":0.4386349022388458},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.35871410369873047},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.3283069133758545},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.263149619102478},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.23654431104660034},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.141303151845932},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.13442331552505493},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.07754039764404297}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1016/j.qref.2022.10.002","doi":"https://doi.org/10.1016/j.qref.2022.10.002","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.qref.2022.10.002","pdf_url":null,"source":{"id":"https://openalex.org/S125273398","display_name":"The Quarterly Review of Economics and Finance","issn_l":"1062-9769","issn":["1062-9769","1878-4259"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Quarterly Review of Economics and Finance","raw_type":"journal-article"},{"id":"doi:10.2139/ssrn.4244320","doi":"https://doi.org/10.2139/ssrn.4244320","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.4244320","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},{"id":"pmh:oai:RePEc:eee:quaeco:v:89:y:2023:i:c:p:358-368","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S1062976922001132","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.2139/ssrn.4244320","doi":"https://doi.org/10.2139/ssrn.4244320","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.4244320","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[{"display_name":"Peace, justice, and strong institutions","id":"https://metadata.un.org/sdg/16","score":0.47620001435279846}],"study_designs":[],"awards":[{"id":"https://openalex.org/G4403648149","display_name":null,"funder_award_id":"N42A650683","funder_id":"https://openalex.org/F4320322817","funder_display_name":"National Research Council of Thailand"}],"funders":[{"id":"https://openalex.org/F4320322817","display_name":"National Research Council of Thailand","ror":"https://ror.org/018wfhg78"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":55,"referenced_works":["https://openalex.org/W1531341052","https://openalex.org/W1981849749","https://openalex.org/W2037832385","https://openalex.org/W2047413878","https://openalex.org/W2048377170","https://openalex.org/W2054816318","https://openalex.org/W2064688508","https://openalex.org/W2064984328","https://openalex.org/W2101376317","https://openalex.org/W2143557201","https://openalex.org/W2143963417","https://openalex.org/W2168004635","https://openalex.org/W2327771290","https://openalex.org/W2331819609","https://openalex.org/W2566552085","https://openalex.org/W2606593955","https://openalex.org/W2610572862","https://openalex.org/W2625702849","https://openalex.org/W2737208640","https://openalex.org/W2743588389","https://openalex.org/W2751336352","https://openalex.org/W2767128445","https://openalex.org/W2776803322","https://openalex.org/W2891717843","https://openalex.org/W2906582923","https://openalex.org/W2914371984","https://openalex.org/W2964261172","https://openalex.org/W2991471228","https://openalex.org/W3024557722","https://openalex.org/W3048251888","https://openalex.org/W3049447886","https://openalex.org/W3105290085","https://openalex.org/W3121149320","https://openalex.org/W3121239055","https://openalex.org/W3121251469","https://openalex.org/W3121928787","https://openalex.org/W3122065236","https://openalex.org/W3123195224","https://openalex.org/W3123574039","https://openalex.org/W3123655838","https://openalex.org/W3123956460","https://openalex.org/W3124145538","https://openalex.org/W3124253251","https://openalex.org/W3124297217","https://openalex.org/W3124410553","https://openalex.org/W3124545495","https://openalex.org/W3124772597","https://openalex.org/W3125190785","https://openalex.org/W3125325005","https://openalex.org/W3125371394","https://openalex.org/W3125954083","https://openalex.org/W3126065282","https://openalex.org/W3132111177","https://openalex.org/W3163133932","https://openalex.org/W3207803392"],"related_works":["https://openalex.org/W2755537021","https://openalex.org/W2737208640","https://openalex.org/W2906582923","https://openalex.org/W3183831255","https://openalex.org/W4388670685","https://openalex.org/W2890080273","https://openalex.org/W2776803322","https://openalex.org/W4388441837","https://openalex.org/W3125371394","https://openalex.org/W2971678045"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":3}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2022-10-12T00:00:00"}