客户关系对企业风险承担的影响  

Customer Relationships and Corporate Risk-taking

作　　者：包晓岚[1] 宋明亮 李思呈 BAO Xiao-lan;SONG Ming-liang;LI Si-cheng

机构地区：[1]华中农业大学经济管理学院

出　　处：《科学决策》2020年第8期44-66,共23页Scientific Decision Making

基　　金：国家社会科学基金青年项目(项目编号:18CGL011)。

摘　　要：针对当前客户关系对企业风险承担影响机理的研究不足,用2009-2018年沪深A股上市公司数据,从客户异质性特征的视角研究客户关系对风险承担的影响。研究发现:客户集中度与客户稳定度均显著正向影响企业的风险承担;进一步考虑客户异质性特征时,发现:当客户中国有企业和上市公司的比例越高,以及客户处于市场化进程较高的地区时,客户关系对企业风险承担的正影响越显著。In view of the insufficient research on the mechanism of the current customer relationship’s impact on corporate risk-taking,the 2009-2018 Shanghai and Shenzhen A-share listed companies are used to study the impact of customer relationships on risk-taking from the perspective of customer heterogeneity.The study found that customer concentration and customer stability both significantly affect the company’s risk exposure.When further considering customer heterogeneity characteristics,we found that when the customer are listed companies,and located in higher marketization regions,the positive impact of customer relationship on corporate risk exposure is more significant.

关 键 词：客户关系 企业风险承担 客户异质性特征 

分 类 号：F275.5[经济管理—企业管理]