Customer Concentration and Firm Performance are Analyzed from the Perspective of Information Asymmetry
- DOI
- 10.2991/978-94-6463-638-3_41How to use a DOI?
- Keywords
- Customer concentration; Information asymmetry; Nature of property right; Inverted U-shaped relation
- Abstract
Based on the perspective of information asymmetry, this paper selects the data of Shanghai and Shenzhen A-share listed companies from 2014 to 2023 to explore how customer concentration affects the degree of information asymmetry and thus corporate performance. The research shows that the relationship between customer concentration and firm performance is inverted U-shaped. In addition, from the perspective of property rights, it is found that compared with state-owned enterprises, customer concentration in non-state-owned enterprises has a more significant positive impact on enterprise performance. The research results provide a new supplement for the influence of customer concentration on enterprise performance and its influence mechanism, and provide a new theoretical significance and practical basis for enterprise to manage customer relationship and improve resource utilization.
- Copyright
- © 2024 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Zhengchao Zhang AU - Tingting Li PY - 2024 DA - 2024/12/30 TI - Customer Concentration and Firm Performance are Analyzed from the Perspective of Information Asymmetry BT - Proceedings of the 5th International Conference on Economic Management and Big Data Application (ICEMBDA 2024) PB - Atlantis Press SP - 393 EP - 401 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-638-3_41 DO - 10.2991/978-94-6463-638-3_41 ID - Zhang2024 ER -