客户坏账准备计提与供应链关系持续性  

Customer allowance for doubtful accounts and the duration of supply chain relationship

作　　者：周泽将[1] 丁晓娟 汪顺 ZHOU Ze-jiang;DING Xiao-juan;WANG Shun(School of Business,Anhui University,Hefei 230601,China;School of Economics,Anhui University,Hefei 230601,China)

机构地区：[1]安徽大学商学院,合肥230601 [2]安徽大学经济学院,合肥230601

出　　处：《管理科学学报》2025年第3期100-115,共16页Journal of Management Sciences in China

基　　金：国家自然科学基金资助项目(72172001);安徽省自然科学基金资助优青项目(2208085Y22);安徽省高校杰出青年资助项目(2022AH020001).

摘　　要：供应链稳定是国家经济安全的重要组成部分,坏账准备作为供应链购销交易中的常见项目,其会对供应链关系持续性产生何种影响值得关注.本文以2008年-2022年沪深A股上市公司为研究样本,考察了客户坏账准备计提对供应链关系持续性的影响.研究发现,客户坏账准备计提与供应链关系持续性显著负相关.机制检验表明,客户坏账准备计提会通过供应链风险传染效应增加企业的财务风险、信用风险和市场风险,企业出于风险规避动机会中断当前供应链关系;进一步分析表明,客户坏账准备计提产生的负向影响在坏账计提谨慎性较低、供应商下游话语权较高、客户上游话语权较低、供应链关系存续性较低的样本中更显著;经济政策不确定性加剧了客户坏账准备计提对供应链关系持续性的负向影响,而良好的营商环境会削弱二者间的负相关关系.本文从客户坏账准备计提视角丰富了供应链风险传染、供应链关系持续性相关研究,同时对增强供应链韧性和抗风险能力、维护供应链安全稳定具有政策启示价值.Supply chain stability is an important component of national economic security.As a common item in supply chain purchase and sale transactions,the allowance for doubtful accounts is particularly noteworthy for its potential impact on the duration of supply chain relationships.The paper examines the impact of customer allowance for doubtful accounts on the duration of supply chain relationships,using a research sample of Ashare listed companies on Shanghai and Shenzhen Stock Exchanges from 2008 to 2022.The study finds that customer allowance for doubtful accounts is significantly negatively related to the duration of the supply chain relationship.Mechanism tests indicate that customer allowance for doubtful accounts increases firms'finance,credit,and market risks through the supply chain risk contagion effect,prompting firms to interrupt current supply chain relationships due to risk-aversion motivations.Further analysis shows that the negative impact of customer allowance for doubtful accounts is more significant in samples with lower prudence in allowance for doubtful accounts,higher downstream discourse power of suppliers,lower upstream discourse power of customers,and lower supply chain relationship survivability.Economic policy uncertainty exacerbates the negative impact of customer allowance for doubtful accounts on the duration of supply chain relationships,while a good business environment can weaken this adverse effect.The paper enriches the research related to the supply chain risk contagion effect and the duration of supply chain relationships from the perspective of customer allowance for doubtful accounts,and also has policy implications for enhancing supply chain resilience and risk resistance,as well as maintaining supply chain security and stability.

关 键 词：客户坏账准备计提 供应链关系持续性 风险传染 供应链韧性 

分 类 号：F272[经济管理—企业管理]