Customer concentration and analyst following: Evidence from China

Lingchen Liu, Yan Gu, Kung‐Cheng Ho and Chiu‐Lan Chang

Managerial and Decision Economics, 2022, vol. 43, issue 1, 97-110

Abstract: This study explores the influence of customer concentration on analyst following based on Chinese listed companies. Companies with higher customer concentrations have lower degrees of analyst following. The suppression effect of customer concentration on analyst following is more significant in industries with fierce competition. In companies with a longer accounts payable turnover cycle, the suppression effect of customer concentration on analyst following is more significant. Overall, our results suggest that the concentration of a supplier's customers greatly influences the corresponding behavior of analysts.

Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1002/mde.3361

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:43:y:2022:i:1:p:97-110

Access Statistics for this article

Managerial and Decision Economics is currently edited by Antony Dnes

More articles in Managerial and Decision Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().