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https://dair.nps.edu/handle/123456789/4361
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DC Field | Value | Language |
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dc.contributor.author | Jesse Cunha, Justin Marion | - |
dc.date.accessioned | 2021-05-18T18:07:48Z | - |
dc.date.available | 2021-05-18T18:07:48Z | - |
dc.date.issued | 2021-05-10 | - |
dc.identifier.citation | Published--Unlimited Distribution | en_US |
dc.identifier.uri | https://dair.nps.edu/handle/123456789/4361 | - |
dc.description | Acquisition Management / Defense Acquisition Community Contributor | en_US |
dc.description.abstract | In 2011, the Department of Defense (DoD) set a goal of paying small business contractors within 15 days of invoice receipt rather than the standard 30 days. In 2012, other federal agencies also set a goal of accelerated payments to small businesses, and all agencies later expanded this goal to include all contractors regardless of size. We study whether small businesses benefited from these accelerated payment goals. Using a difference-in-difference design, we find that small business participation in government contracts rose following the setting of accelerated payments goals. Importantly, contracts for perishable foods and construction services, which were unaffected by the new accelerated payments policies, did not see an increase in small business participation. We also find that the benefits of accelerated payments are concentrated among small businesses with a backlog of ongoing projects. This is consistent with the hypothesis that accelerated payments alleviate the liquidity constraints that may be particularly acute for small businesses. | en_US |
dc.description.sponsorship | Acquisition Research Program | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | Acquisition Research Program | en_US |
dc.relation.ispartofseries | Acquisition Management;SYM-AM-21-054 | - |
dc.subject | Accelerated Payment | en_US |
dc.subject | DoD Contractors | en_US |
dc.subject | Small Businesses | en_US |
dc.title | Do Accelerated Payments for DoD Contractors Help Small Businesses? | en_US |
dc.type | Book chapter | en_US |
Appears in Collections: | Annual Acquisition Research Symposium Proceedings & Presentations |
Files in This Item:
File | Description | Size | Format | |
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SYM-AM-21-054.pdf | 1.45 MB | Adobe PDF | View/Open |
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