Problem definition: Restaurants can provide catering services to customers through the traditional offline channel or online food delivery platforms. Platforms claim they deserve to receive a positive commission fee from restaurants as they help restaurants expand their market and gain access to...

In this paper, we examine whether a firm's relationship with its principal customers/suppliers affects its payout policies. A firm has customer-supplier relationships when its business depends on a small number of major customers/suppliers. The extant literature indicates two channels through...