An Empirical Test On The Inhibitive Effect Of Ownership Concentration On Cost Sticky

As one of the core theories of management accounting,cost theory has been an important supporting role in management accounting,and it is a theory that studies the relationship between firm’s cost and business volume.The traditional cost performance model describes the enterprise production too idealistically.In the actual production,the enterprise environment is more complex.There are many factors that can affect the production,and the relationship between the business and the cost is not strictly symmetrical.When the volume of business increases,the cost increase is more,but the cost reduction is less when the traffic falls,and the academic term is called "cost stickiness".Scholars have done a lot of research on the cost of cost sticky,including the existence of cost sticky,influencing factors,economic consequences,etc.Among them,the study about the relationship between equity concentration and cost sticky is not yet paid attention to the nature of property rights,but it has a significant impact on relationship between the two.This paper examines the influence effect of ownership concentration on the cost sticky by combining the state-owned property rights,and examines the influence of the state-owned property rights to the influence effect above and the role of shareholder shareholders to play the situation from the perspective of corporate governance.Based on the financial data of manufacturing listed companies in China from 2008 to 2015,this paper makes an empirical study on the relationship between ownership concentration and cost sticky and further examines the influence of the state-owned property rights to the relationship above.The results show that:(1)at the whole industry level of manufacturing industry,the higher the ownership concentration of enterprises,the lower the cost sticky of them.(2)The nature of state-owned property rights in manufacturing listed companies in China will weaken the inhibitory effect of ownership concentration on the cost stickiness.In this case,the ownership concentration may exacerbate the cost sticky.