Welcome to Francis Academic Press

Academic Journal of Business & Management, 2023, 5(15); doi: 10.25236/AJBM.2023.051503.

Study on the influence of government background customers on the quality of enterprise accounting information disclosure

Author(s)

Renping Zeng

Corresponding Author:
Renping Zeng
Affiliation(s)

School of Accounting, Anhui University of Finance and Economics, Bengbu, Anhui, 233030, China

Abstract

High-quality development is the primary task of building a modern socialist country in an all-round way. The quality of enterprise accounting information disclosure affects the quality of market information and then affects the quality of market economy. Based on the customer information data of listed companies in China from 2011 to 2020, the influence of customers with government background on the quality of enterprise accounting information disclosure is explored. The results show that government background customers help to improve the quality of enterprise accounting information disclosure. The higher the concentration of government background customers, the better the stability, and the better it is to the improvement of the quality of enterprise accounting information disclosure. Further inspection also found that in the enterprises with standard opinions and great competition in the industry, the government background customers can better promote the improvement of the quality of accounting information disclosure of enterprises.

Keywords

government background customer; quality of enterprise accounting information disclosure; customer concentration; customer stability

Cite This Paper

Renping Zeng. Study on the influence of government background customers on the quality of enterprise accounting information disclosure. Academic Journal of Business & Management (2023) Vol. 5, Issue 15: 13-22. https://doi.org/10.25236/AJBM.2023.051503.

References

[1] CAO D, Chen X , Zhen XZ. Government background customers, market cognition and investment opportunities—Based on the perspective of supply chain integration [J]. Management Review, 2020, 32 (08): 13-28. 

[2] Cohen, D., Li, B., Li, N. et al. Major government customers and loan contract terms. Rev Account Stud 27, 275–312 (2022). 

[3] CAO D, Yuan M, Chen X. Government background customer and audit fees —— based on the perspective of supply chain risk transmission [J]. Accounting Research, 2020 (03): 164-178. 

[4] Li H, Zheng GP, Li D. Can big customers improve the performance of listed companies?—— Based on the customer relationship of supply chain in China [J]. Accounting Research, 2018 (04): 58-65. 

[5] Banerjee S, Dasgupta S, Kim Y. Buyer–Supplier Relationships and the Stakeholder Theory of Capital Structure [J], The Journal of finance, 2008, 63(5):2507-2552. 

[6] Bai ZY. On the role of government procurement policy function in China's economic and social development [J]. Macroeconomic Research, 2016 (03): 3-7 + 23. 

[7] Wang XY, Gao KJ . Underwriters, big customers, and corporate bond issue pricing [J]. Management World, 2017, 33 (9): 42-59. 

[8] Liu J,  Hou WZ. Empirical evidence of semi-strong effectiveness of Chinese stock market from the perspective of information economics [J]. Research on Financial Issues, 2018 (03): 70-77. 

[9] Cohen D A, Li B. Customer-base concentration, investment, and profitability: The U. S. government as a major customer [J]. The Accounting Review, 2020, 95(1), 101−131. 

[10] Wang XY,  Wang P, Zhang JP. Customer concentration and audit costs: customer risk or supply chain integration [J]. Audit study, 2014 (06): 72-82. 

[11] Jin J, Wang YM, Sun M. The stability of customer relations, customer concentration degree and enterprise innovation [J]. Journal of Chongqing University of Technology (Sociology), 2021, 35 (09): 109-120. 

[12] Sun CG, Huang XB. Quality of enterprise accounting information disclosure and enterprise investment efficiency—Based on the empirical evidence of listed companies in Shenzhen Stock Exchange [J]. Economics and Management Research, 2017, 38 (08): 136-144. 

[13] Yang HY, Wei DH, Sun J. Can institutional investor shareholding improve the quality of corporate accounting information disclosure of listed companies? —discussion the differences between different types of institutional investors [J]. Accounting Research, 2012 (09): 16-23 + 96. 

[14] Dou C, Li XZ, Chen X. Government background customers, innovation investment and its influence channels [J]. Scientific Research Management, 2020, 41 (09): 197-208. 

[15] Qiu BY, Cheng B. Does customer stability affect the quality of enterprise accounting information disclosure? [J]. Foreign Economy and Management, 2022, 44 (04): 81-94.