Choose Your Battles Wisely: The Consequences of Protesting Government Procurement Contracts
研究企业成功抗议政府采购合同后，与政府后续业务量的变化，发现企业获得更少、价值更低的合同，更多合同被取消，销售和员工增长显著下降。
We examine the relationship between a firm’s successful protest of a government agency’s conduct or terms of a procurement contract and the amount of business the firm conducts with the government going forward. We find firms receive fewer and less valuable government contracts, face more contract cancellations, and experience significant reductions in sales growth and employee growth. Despite widespread belief, successful bid protesters do not delay government procurement because of lengthy dispute resolutions. Overall, we provide the first analysis of corporate interactions with the United States government bid protest system. This paper was accepted by Tomasz Piskorski, finance. Supplemental Material: The internet appendix and data files are available at https://doi.org/10.1287/mnsc.2021.02055 .