Xing-Hua Li

The Supply Chain Ripple Effect of Customer Environmental Regulatory Pressure: A Perspective on Suppliers' Financial Asset Allocation

Using data from Chinese A‐share listed firms and their top five customers over the period 2010–2023, this study finds that supplier firms allocate more financial assets when their customers face higher environmental regulatory pressure and that this effect is primarily driven by a precautionary savings motive. This f...