The Influence Factors Of Industry Difference On Cost Stickiness

In recent years,the low-cost advantages that China's economic growth rely on in the past is gradually losing,the price of various production factors of enterprises is Increasing day by day,High cost operation era has arrived.Cost is the lifeline of enterprise's development,Cost control is the key for enterprises to cope with external competition.To our labor-intensive industries?Capital-intensive industries and Knowledge-intensive industries,Because of their different concentration of different production factors?different Industry background and different Current development,The influence of different factors on the cost stickiness is not the same.From the perspective of industry,This paper makes theoretical analysis and empirical test on the factors affecting the Cost Stickiness of the three industries,this can help the managers of the three industries to further grasp the law of cost changes,to governance cost stickiness more effectively,then improve the efficiency of cost management,enable enterprises to maintain a leading position in the market competition finally.This paper uses the listed companies in Tai'an financial database(CSMAR)to obtain the main financial data of two listed companies in Shanghai and Shenzhen Stock Exchange in 2009-2015 for a total of 7 years,and uses EXCEL2010 for data processing.Finally,a total of 872 listed companies were selected as the study sample of the observation value of 5023.Besides,descriptive statistics and empirical tests were performed by using statistical software SPSS21.0.The conclusions are as follows:(1)Cost Stickiness on China's listed companies is really exist,and there are differences in different types of Cost Stickiness;(2)The total cost stickiness phenomenon does exist in the three industries;(3)The impact of the national macroeconomic situation on the Cost Stickiness of different industries is different;(4)The degree of market competition will weaken the Cost Stickiness of labor-intensive industries and Knowledge-intensive industries,the effect on Capital-intensive industries is not obvious;(5)Capacity utilization rate of labor-intensive industries?Capital-intensive industries have a positive role in strengthening the Cost Stickiness;(6)The R&D investment of Knowledge-intensive industries?Capital-intensive industries have a positive role in strengthening the cost stickiness.Finally,the paper puts forward five aspects of policy recommendations,to help managers in different industries manage the Cost Stickiness and control cost effectively,in order to enhance their competitiveness.