摘要
文章从关系型交易视角出发研究客户集中度是否影响上市公司债务融资水平。研究发现:客户集中度越高的上市公司,其债务融资水平就越低,在一定程度验证客户集中度对上市公司治理具有“抑制”作用。从客户集中度角度研究上市公司债务融资水平,研究视角新颖,文章结论在一定程度上有助于上市公司治理。
This paper studies whether customer concentration affects the debt financing level of listed companies from the perspective of relational transactions.It is found that the higher the customer concentration is,the lower the debt financing level of the listed company is,which verifies that the customer concentration has an"inhibiting"effect on the governance of the listed company to a certain extent.The debt financing level of listed companies is studied from a novel perspective of the customer concentration.The conclusions of this paper are helpful to the governance of listed companies to a certain extent.
作者
段凯
Duan Kai(School of Finance,Xinjiang University of Finance and Economics,Urumchi,Xinjiang 830012;School of Economics and Management,Shangluo University,Shangluo Shaanxi 726000)
出处
《山东纺织经济》
2021年第7期22-24,共3页
Shandong Textile Economy
基金
2018年商洛学院校级一般科研项目“基于非财务利益相关者视角下上市公司债务融资影响研究”(项目编号:2019SKY016)
2021年陕西教育厅科研计划专项项目“抑制亦或促进:客户集中度对上市公司创新投入水平的影响”(项目编号:21JK0111)。
关键词
客户集中度
债务融资水平
customer concentration
debt financing level
