An Empirical Research On Management Incentive,external Audit And Cost Stickiness

In modern enterprise operation management,cost control is about to the enterprise survival of a link and can not be ignored,especially for manufacturing power in China,the role of cost management.Therefore,how to effectively lower cost and then achieve the maximum benefit of the operation of the enterprise production has already become the enterprise shareholders and managers' most concerned content.In traditional cost management theory,we used to think that there are a linear relation between cost and income.But the rule model is a simplified version of reality,it is an ideal state,and did not consider the actual operation of the subjective and objective factors.Since Anderson's(2003)study showed that the stickiness phenomenon are widely existed in the cost,and then this problem has attracted more and more attention among scholars.Although the enterprise' cost and income present a linear change rule is widely accepted,but in the real production process,the cost and income has not symmetric change,what's more,when income is less,the cost is still high.Common cost stickiness,has attracted a new discussion of the traditional cost management theory.What is the cause of cost stickiness,and what are sticky factors related to cost,although most of the current scholars believe that the cost stickiness is caused by the problem of agency,but the current study has yet to find the unified point of view.This paper argues that,as the important measure of corporate governance,management incentive system concerns the existence of the company and plays an important role,so the cost of the company have a certain influence on the stickiness.In addition,as a kind of external supervision mechanism,external audit can effectively alleviate the agency problem,and also have certain inhibition to cost stickiness;Finally,as a kind of new thought,the author uses the standard research combined with empirical research method to explore the manufacturing type of main board listed companies and the external audit management incentive in reducing costs in the process of reduce cost stickiness.In this paper,the structure is mainly made up of four parts: the first part is introduction,mainly elaborated the research background and realistic significance of the article,then the academia for viscosity,external audit and management incentive cost correlation theory has carried on the arrangement and review;The second part,in detail,external audit and management incentive cost stickiness the main concepts and the article studies the theoretical basis;The third part,we use the method of empirical analysis,verify the above results of theoretical analysis,and select China's a-share manufacturing listed companies' financial data from 2008 to 2015,excluding the st and pt companies,adopting Sun Zheng and ABJs'(2004)(2003)logarithmic transformation model,and at first,we make a general descriptive analysis of data,then we use an empirical analysis to verify hypothesis article from the perspective of cost stickiness inhibition,we validate the management motivation and external audit how to affects the cost stickiness in varying degrees,and their interaction in the process of impact;The last part is this article is a conclusion and outlook,this chapter from the theoretical point of view,make an analysis of the results of this whole article from management level to shock and external audit puts forward how to use cost stickiness characteristics to formulate management incentive regulation and select external auditor type,and the research content and target are proposed.The innovation point of this article is:a new angle of research.On the basis of the existing conclusion,the article focus on the following new explore,which has introduced the new research Angle of view for the cost of main factors affecting the stickiness,the goal of inhibiting cost stickiness,and analyses the influence of management motivation and external audit cost stickiness interaction.