Study On The Factors Of Costand Expense Stickiness Of Domestic Science And Technology Listed Companies

According to the traditional cost behavior theory,there is a liner relationship between cost and volume of business.When the changing directions of the volume are different,the cost of change is the same amplitude.However scholars found that the rate of change is too ideal.In the real environment,the cost does not change with volume of business.That is to say,when the business volume increased,rising costs will be greater than the volume of business with the decline of costs,which showed asymmetric changes.It was called "Cost Stickiness".Cost Stickiness is a new research field of the management accounting theory and more and more scholars began to concern the Cost Stickiness.Management accounting theory has been expanded by the study of cost stickiness and the model of traditional cost behavior theory has been improved to adapt the new theory.Firstly,the article summarized literatures of cost stickiness in domestic and foreign,and analyzed and reviewed the researches about causes and influencing factors of Cost Stickiness.Combined with the theoretical research,a new exploration will be found in this paper in the following aspects,first is combining of incomplete contract theory,agency theory,and financial distress theory to analysis the cause and influencing factors of cost stickiness;second is that through empirical research,test the asset structure,debt structure,ownership structure influences of the cost stickiness.The science and technology enterprises as the research sample to test the Cost Stickiness changing rules and influence factors.The study found that:(1)from the analysis of the overall industry perspective,Cost Stickiness phenomenon exists in science and technology enterprises,and the asset structure,debt structure,ownership structure can affect the cost stickiness.(2)the data of different time span show the different levels of cost stickiness,the changes of management cost is the biggest,the total cost is the least(3)to study the influencing factors of the cost stickiness in science and technology enterprises is divided into three directions,asset structure,the debt structure,and ownership structure.Empirical analysis shows that the ratio of fixed assets,intangible assets ratio is positively related to cost stickiness.Liabilities are divided into current liabilities and non-current liabilities according to the time.The current liabilities associated with the negative with cost stickiness,non-current liabilities and cost stickiness is associated positive correlation;ownership concentration and Cost Stickiness showed negative correlation;the actual controller is divided into state-owned enterprises and non state-owned enterprises,state-owned enterprises showed that the cost stickiness is higher than that of non state-owned enterprises.Cost stickiness is a common phenomenon,but the viscosity of high or low levels of enterprise will impact cost management,this paper combined with the research results,suggestions on the analysis of Cost Stickiness research in future and cost management and structure optimization.