成本粘性对企业财务绩效影响的实证研究——基于A股汽车制造业上市公司

北京理工大学珠海学院2020届本科生毕业论文Empirical Study on the Influence of Cost Stickiness on theEnterprises Financial Performance------Based on Chinese ListedCompanies of A-share Automobile Manufacturing IndustryAbstractIn recent year,the cost competition is gradually becoming the core of the enterprisecompetition,the research on cost management has also become a hot spot in accountingresearch.Many empirical studies found that the asymmetric relationship between costand business volume is manifested in the fact that the change rate of cost when thebusiness volume increases is greater than the change rate when the business volumedecreases,and the cost stickiness is proposed.At present,many domestic scholars haveproved that the cost stickiness is prevalent in the manufacturing industry,but there islittle research on the impact of cost stickiness on the financial performance ofenterprises in a specific industry.Therefore,the paper selects listed companies ofChina's automobile manufacturing industry as the research object,and conducts anempirical study on the relationship between cost stickiness and financial performance.After sorting out the research of domestic and foreign scholars,starting from thethree theories of "principal-agent","incomplete contract"and "transaction cost",thispaper sifts through layers,and finally takes 89 listed companies of a-share automobilemanufacturing industry as research samples,248 valid data in five years from 2014 to2018 are used to test whether there is a cost stickiness,and to study the relationshipbetween cost stickiness and financial performance.The results show that:(1)Coststickiness exists in listed companies of Chinese automobile manufacturing industry.(2)The cost stickiness has a negative correlation with the short-term performance.(3)There is a positive correlation between cost stickiness and long-term financialperformance.Finally,the paper puts forward feasible countermeasures and suggestionson how to use the law of cost stickiness to improve the financial performance ofenterprises from both internal and external aspects.Keywords:Cost Stickiness;Financial Performance;Automobile ManufacturingIndustry;Empirical Analysis;Countermeasures and SuggestionsⅡ