行业竞争程度、供应商集中度与现金流操控  

Industrial Competition, Supplier concentration and cash flow manipulation

作　　者：姜一涵 邢铭强 JIANG Yi-han;XING Ming-qiang(School of Accounting,Lanzhou University of Finance and Economics,Lanzhou 730101,China)

机构地区：[1]兰州财经大学会计学院,甘肃兰州730101

出　　处：《经济问题》2021年第5期94-101,共8页On Economic Problems

基　　金：国家社会科学基金项目“控股股东股权质押对上市公司财务行为的影响研究”(19BGL070)。

摘　　要：以2007—2019年间中国制造业A股上市公司作为样本,实证分析了行业竞争程度、供应商集中度与现金流操控之间的关系。研究发现:公司的现金流操控行为与供应商集中度呈正相关;行业竞争程度会加强供应商集中度与现金流操控间的正向关系。研究结论对投资者、债权人、监管部门等利益相关者从供应商集中度和行业竞争性判断企业现金流信息质量具有启示意义。Taking the Chinese A-share listed manufacturing companies from 2007-2019 as a sample for empirical analysis,this paper studies the relationship between industrial competition,supplier concentration and cash flow manipulation.The results indicate that the company’s cash flow manipulation behavior is positively correlated with supplier concentration;the higher intensity of industry competition will strengthen the positive relationship between supplier concentration and cash flow manipulation.The research conclusions have enlightenment for investors,creditors,regulatory authorities and other stakeholders to judge the quality of corporate cash flow information from supplier concentration and industry competitiveness.

关 键 词：供应商集中度 现金流操控 行业竞争程度 

分 类 号：F273[经济管理—企业管理]