Study On Influencing Factors And Control Of Cost Adhesion Of HN Company

"Cost stickiness" is a phenomenon that has been paid attention to by scholars in our country at the beginning of this century, and the concept of it has not even been introduced into the textbook of management accounting.We are familiar with the traditional and easy to understand linear cost model, it can give us a simple and intuitive understanding of the cost, but this model is too idealistic, the cost management and control of the enterprise has certain limitations.The early part of this century, foreign scholars found that, between the cost and volume of business is not simple linear relationship, when the volume of business matching changes,the magnitude of the rise in the cost of greater than cost reduction of amplitude, namely, the existence of cost stickiness.In our country the study objects of cost stickiness more concentrated in the manufacturing industry, lack of specific companies, industry, energy industry is the pillar industry of our country. Therefore, this paper on China’s energy industry one of the leading companies in the HN Corporation as an example, combined with related theories, research HN company into the main factors influencing the viscosity of, and puts forward corresponding control measures.First, in this paper, the definition of cost stickiness defines the and the contract theory, agency theory, efficiency theory as the theoretical basis of this article. Secondly, this paper of HN Corporation do are briefly introduced, and according to the nature of the HN Corporation, the status of cost management put forward hypothesis 1, after return analysis, verify the existence of cost stickiness HN company, when a 1% increase in the volume of business, operating costs rose 0.95%; when the volume of business declined 1%, operating costs fell by only 0.8769%.Next this paper according to the financial data of HN Corporation annual report 2010-2014 analysis of HN Corporation cost stickiness of the five major factors are: changes in the volume of business scope, the structure of the board of directors and the macroeconomic environment, the debt capital structure, capital intensity.After the according to the analysis of the influence factors do test analysis, and the logarithmic model of the five major factors one by one test, and draws the following conclusion: changes in the volume of business scope, the board structure and cost stickiness negative correlation, debt capital structure, capital intensity and is positively related to the viscous, macro economic environment influence on cost stickiness is more complex, need further study.At the end of this paper, according to the results of the regression analysis, for HN company cost stickiness,respectively from two aspects of external and internal proposed six control measures, respectively is: to strengthen the macroeconomic environment, strengthening external supervision, pay more attention to the management of quality education, improve the board structure, adjust the debt capital, improve the liquidity of assets, the rational allocation of non current assets.Although the cost stickiness can not be completely removed,but we can try to take measures to control it to a minimum, so that the enterprise’s resources are more fully configured and used.