Excessive administrative expenses, customer dependence, and financial support in enterprises

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-09-24 DOI:10.1016/j.frl.2025.108554

Tong Yang , Fang Gao

引用次数: 0

Abstract

This paper conducts a regression analysis using data from Chinese listed companies between 2008 and 2023, and finds the following: First, financial support significantly increases firms’ customer dependence; second, financial support indirectly promotes the enhancement of customer dependence by reducing firms’ excess administrative expenses; third, further heterogeneity analysis reveals that the impact of financial support on customer dependence varies significantly depending on whether the firm is audited by a Big Four accounting firm, with the effect being more pronounced in firms not audited by a Big Four firm.

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管理费用过高，客户依赖，企业资金支持

本文利用2008 - 2023年中国上市公司的数据进行回归分析，发现：第一，金融支持显著增加了企业的客户依赖；第二，金融支持通过降低企业的超额管理费用间接促进了客户依赖性的增强；第三，进一步的异质性分析表明，财务支持对客户依赖的影响因公司是否接受四大会计师事务所的审计而显著不同，而在未接受四大会计师事务所审计的公司中，这种影响更为明显。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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