Customer Concentration,the Nature of Enterprise Property Rights and Enterprise Risk-Taking
Based on the data of A-share listed manufacturing companies from 2019 to 2022,this paper empirically tests the relationship between customer concentration and enterprise risk-taking,and further analyzes the impact of factors of property nature on the customer relations in state-controlled and non-state-controlled enterprises.The results show that dense customer concentration significantly increases the risk of enterprises,and the state-owned property rights weaken the impact of customer concentration on the level of enterprise risk.Besides,the research can provide some ideas for enterprises to strengthen customer relationship management in supply chain integration and customer relationship orientation,and provide a new angle for the perfection of state-owned assets supervision policy.And the conclusion of this paper can also help investors understand the enterprise risk level more comprehensively.
customer concentrationenterprise risk-takingthe nature of enterprise property rights