Research On Cost Stickiness Behavior Of High-Technology Enterprises

In the era of science and technology as the primary productive force,the status of knowledge economy is becoming more and more important.The high-tech enterprises based on knowledge economy came into being at this time.Their appearance has enhanced our country's national strength and the competitive power and the influence of our country in the world economic activity.In order to promote the vigorous development of high-tech enterprises,China has introduced the corresponding standards and a series of incentive policies.For example,the income tax of qualified high-tech enterprises was reduced from 25% to 15%.However,the vigorous development of high-tech enterprises not only need the encouragement of national policy,but also need their own good management.Therefore,the cost management of high-tech enterprises in our country has become a focus of attention.It is very important for the enterprises themselves and the economic development of our country to improve the cost management of high-tech enterprises.In the theory of traditional cost behavior,we think that the cost and volume of business is a linear relationship,namely the cost change will make the same direction change with the floating of business volume,and cost fluctuation range is also the same when the volume fluctuation is the same.But this theory is not consistent with the actual situation.Related research shows that the costis not change at equal amplitude when the business volume change at equal amplitude.That is the cost and the sales do not exist as a strict linear relationship,and it is not symmetry.We call it "sticky".The sticky behavior of cost is a new research direction in the field of management accounting,and it developed only 10 years in China.This paper found a new point of view through literature review.This paper studied Cost Stickiness behavior of Chinese high-tech enterprises according to the definition of China's high-tech enterprises and high-tech enterprises own feature in order to observe the influence factors of high-tech enterprise cost stickiness,and the characteristics of Cost Stickiness of hightech enterprises in different situations.First of all,we make a literature review,then put forward the hypothesis,collect relevant data,set up the model carry on the empirical analysis,and draw the conclusion.This paper selects the data based on 499 high-tech companies' financial statements and related information in China from 2011 to 2015 for the past five years,and chooses the Anderson's classic model for empirical analysis.This paper studies the existence of the cost of high-tech enterprises in China and the influence of the related factors on it.Finally,according to the actual situation of the country and the actual situation of high-tech enterprise management,this paper puts forward some policy and suggestions for the cost management of high-tech enterprises and puts forward some prospects for the future development.Through the analysis of the empirical results,we can found that high tech enterprises have cost stickiness just like most other enterprises,and the cost stickiness is influenced by many factors.The Cost Stickiness of high-tech enterprises is positively related to the employee's intensity,that is to say,the there is higher cost stickiness in high-tech enterprises with high employee's intensity.In addition,the level of stickiness of high-tech enterprises is also affected by the growth rate of assets.The faster the asset growth rate is,the worse the performance of the viscous behavior.On the contrary,the enterprise with low asset growth rate is significantly higher.On the other hand,the study found that the high-tech enterprises in different areas of technology,its stickiness level are different.When the degree of development of the enterprise is different,the stickiness level is also different.When the scale of the enterprise itself is different,the stickiness level is also different.The relatively large scale of high-tech enterprises' stickiness is lower than the relatively small scale of high-tech enterprises' stickiness.In other words,in addition to the growth rate of enterprises and staff-intensive,high-tech enterprises' cost stickiness is also affected by the extent of its development,the size of their own enterprises and the technical areas and other factors.