Customer concentration and management earnings forecast

Yupeng Mei and Kunpeng Jing

Finance Research Letters, 2024, vol. 65, issue C

Abstract: This paper examines the impact of customer concentration on the surplus forecasts of listed companies by using the data of China's A-share listed companies from 2012 to 2022. It is found that the higher the customer concentration, the lower the voluntariness of management's disclosure of surplus forecasts; when firms' customers are highly concentrated, management tends to disclose optimistic earnings forecasts; the economic policy uncertainty and the quality of firms' internal control moderated the relationship.

Keywords: Customer concentration; Management earnings forecasts; Economic policy uncertainty; Internal control (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:65:y:2024:i:c:s1544612324005543

DOI: 10.1016/j.frl.2024.105524

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