Is there any research evidence that customer satisfaction lead to early payment and improve company's average collection period?
Hello,
The obvious answer is yes.
See Parasuraman et al, 1985, 1988 and Porter's Gap Theory 1985.
I hope that helps.
Kind regards,
Dominic
I think customer loyalty is especially important in small businesses although more and more large companies are starting 'rewards' programs, too. Here are some good links that might help you:
http://www.entrepreneur.com/article/233362
http://www.bain.com/publications/articles/customer-loyalty-in-retail-banking-2013.aspx
Thank you Prof
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