Strategic Similarity and Investment Efficiency

Hsihui Chang, Rong-Ruey Duh, Lin-Hui Yu, Yaou Zhou, Department of Accounting, LeBow College of Business, Drexel University, Department of Accounting, College of Management, National Taiwan University, Taipei City, Department of Accounting and Finance, Feliciano School of Business, Montclair State University, Upper Montclair

Journal of Accounting, Auditing & Finance

Published online on September 11, 2025

Abstract

Journal of Accounting, Auditing & Finance, Ahead of Print.
We examine whether sharing similar business strategies between suppliers and customers increases suppliers’ investment efficiency. Using a data set of U.S. supplier-customer dyads, we posit and find that sharing strategic objectives with major customers ...