Firm Sustainable Growth during the COVID-19 Pandemic: The Role of Customer Concentration
Xuesheng Chen,
Caixia Liu,
Feng Liu and
Mingjie Fang
Emerging Markets Finance and Trade, 2021, vol. 57, issue 6, 1566-1577
Abstract:
Due to the spread of coronavirus disease 2019 (COVID-19), business environmental uncertainty, a restricted flow of personnel and materials, and changes in consumer demand have impacted business operations and financial performance. This study investigates the relationship between COVID-19, customer concentration, and sustainable growth based on data from listed companies in China. The results reveal that COVID-19 has had a negative impact on sustainable growth, but customer concentration can mitigate this negative association. By emphasizing the moderating effect of customer concentration on the relationship between COVID-19 and sustainable growth, this study provides new insights for firms who are seeking to mitigate the negative shocks of COVID-19 and promote sustainable development.
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:mes:emfitr:v:57:y:2021:i:6:p:1566-1577
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DOI: 10.1080/1540496X.2021.1904884
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