客户集中度、短贷长投与企业财务风险:基于A股上市公司的实证分析  

Customer concentration, short-term loan and long-term investment and enterprise financial risk:empirical analysis based on A-share listed companies

作　　者：冯旭日[1] 刘思雨 FENG Xuri;LIU Siyu(School of Business Administration,Liaoning Technical University,Huludao 125105,China)

机构地区：[1]辽宁工程技术大学工商管理学院,辽宁葫芦岛125105

出　　处：《辽宁工程技术大学学报（社会科学版）》2024年第5期341-348,共8页Journal of Liaoning Technical University(Social Science Edition)

基　　金：辽宁省教育厅社科项目(LJ112410147069)。

摘　　要：针对客户集中度、短贷长投与企业财务风险之间的关系问题,以2019—2021年A股上市公司为研究样本,采用实证研究的方法,分析客户集中度与企业财务风险之间的关系,以及短贷长投在客户集中度与企业财务风险之间的中介作用。研究表明:客户集中度与企业财务风险显著正相关;短贷长投在客户集中度与企业财务风险之间发挥中介作用;与非国有企业相比,国有企业中客户集中度对企业财务风险的影响更显著。研究结论为上市公司制定科学的财务决策以及更好地防范财务风险提供参考。Focusing on the relationship between customer concentration,short-term loans and long-term investment,and enterprise financial risk,taking A-share listed companies from 2019 to 2021 as research samples.An empirical research method is adopted to analyze the relationship between customer concentration and enterprise financial risk,as well as the mediating role of short-term loans and long-term investment in the relationship between customer concentration and enterprise financial risk.Research has shown that customer concentration is positively correlated with enterprise financial risk;Short-term loans and long-term investment play an intermediary role between customer concentration and enterprise financial risks;Comparing to non-state-owned enterprises,the impact of customer concentration on financial risk in state-owned enterprises is more significant.The research conclusion provides reference for listed companies to make scientific financial decisions and prevent financial risks.

关 键 词：客户集中度 短贷长投 财务风险 A股上市公司 

分 类 号：F275[经济管理—企业管理]