.... That is, consumption and investment tend to move in the same direction. macroeconomic uncertainty consumption investment firm profitability In this paper, I evaluate how uncertainty about future macroeconomic developments affects consumers' and managers' decision-making and how their resulting actions...

...Daniel A. Cohen; Bin Li ABSTRACT We examine whether customer-base concentration has a differential impact on profitability for firms contracting with major government customers versus firms contracting with major corporate customers. We document that firm profitability increases...