| Summary: | 碩士 === 雲林科技大學 === 財務金融系碩士班 === 98 === This paper investigates the relation between industry competition and corporate voluntary customer’s name disclosure, using a sample in the U.S. over the period of 2000 to 2008 provided by COMPUSTAT Customer File. The advantage of customer name disclosure is that it can reduce information asymmetry in the capital market and enhance firms’ value. However, disclosure customers’ name may have adverse effect on firm’s competitiveness and profitability.
Empirically, we find the firms in more competitive industry, firms with larger size and firms with lower leverage are more likely to voluntary disclosure the name of their main customers. Moreover, we find the customers being reported are associated with higher return on assets (ROA), larger size, and higher leverage ratio.
|
|---|
