| Nowadays, the economic development of China has been in the critical period of deepening reform and transforming mode. Different from the traditional industries, the strategic emerging industries with a high technology are raised by government, which could lead the development of economy in our country. However, the new industries own several drawbacks such as high cost, and thus how to decrease their cost and enhance their income and competitiveness has been drawn more and more attention. According to the traditional cost behavior theory, the change of the cost is consistent with that of business quantity, that is to say, they have the same variation evolutions and the change values in appropriate ranges show the same change trends. Currently, numerous researchers found that the cost amounts in the period of business volume rising and decrease was asymmetrical, and named this phenomenon "cost stickiness", but they did not uniformly interpret the reasons of its formation instead of the explanations in the aspects of contract theory, the efficiency and the opportunism view. Although the researchers were not successful, they found that the cost stickiness could influence the accuracy of profit forecasting, resulting in different market responses. In this dissertation, the influence factors of cost stickiness in the strategic emerging industries listed companies was systematically analyzed on the basis of related theories, and the proposed hypothesis was certified by practical cases. Aiming at the results, the corresponding methods were then raised to control the cost thickness. The results which were shown in the present dissertation have potential application for enterprises’ managers and other stakeholders.This paper consists of five parts. The first part is the introduction, which mainly introduces the research backgrounds, the research significances, and the research trends from domestic and foreign scholars. Also, this part introduces research ideas and methods used in this paper, and the innovation points of this paper. The second part is the introduction of the relevant theories and the definition of the relevant concepts. The basic theories of this paper include the contract theory, the efficiency theory and principal-agent theory. The third part mainly describes the current situation of the cost stickiness of listed companies in strategic emerging industries, and makes a theoretical analysis of influence factors of the cost stickiness, and puts forward hypothesis of this paper. The fourth part is the empirical part, based on the data of strategic emerging industries listed companies from 2008 to 2014, using Anderson’s ABJ model to analyze the Cost Stickiness and related factors, making a descriptive statistics and regression analysis of the data by using SPSS software, this paper examines the correlations of macro economy, audit quality, corporate governance structure, managerial myopia and the cost stickiness in strategic emerging industries listed companies. Research results show that the cost of strategic emerging industries listed companies don’t vary in same degree when the revenue changed in different derection. Finally, this paper summarizes the research conclusions, and puts forward some suggestions on how to reduce the cost stickiness of the information technology Listed Companies, and puts forward some prospects for further research.Based on the related theoretical basis, this paper first makes an analysis of the current situation of cost stickiness in strategic emerging industries. On this basis we divide the influence factors of cost stickiness in the strategic emerging industries listed companies into two parts:the external factors and the internal factors, which embodies some innovations. Meanwhile, in the background of country’s support of the development of strategic emerging industries, put forward relevant suggestions about how to reduce the cost stickiness of the information technology listed companies also have a certain practical significance. |
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