The Research On The Relationship Between Cost Stickiness And Performance Of Manufacturing Enterprises In China

In recent years,the economic growth of our country is slowing,consumers’ desire to buy goods is not strong and consumers’ demand is on the decline.At the same time,the human cost and resource cost continuously rise,profit margins of enterprises decline further.Many enterprises’ performance is not satisfactory.How to manage and control the cost scientifically and rationally is the key to improve the performance of enterprises.Correctly understanding and grasping cost behavior is the first condition of cost control.Cost research is the core of management accounting.The concept of cost stickiness is a challenge to the hypothesis of traditional cost behavior,which is the most important achievement in the research field of cost theory.More and more scholars find that enterprise’s cost and volume change in nonlinear.The traditional cost behavior theory considers a linear of relationship between cost and income,which is questioned.Anderson,Banker and Janakiraman(ABJ)who were foreign scholars first discovered the phenomenon of asymmetric change of cost and business volume,and defined it as cost stickiness.Later,foreign scholars theoretically and empirically researched and discussed the existence of the cost stickiness,reasons,influence factors,and so on,obtained a lot of research results.And as the researches go on,relevant scholars have discovered the existence of the anti-stickiness of cost and studied the causes of it.The research mainly focused on the existence of cost stickiness and anti-stickiness formation reasons and influence factors,and the economic consequences research of cost stickiness and anti-stickiness is less.The research of cost stickiness in China started relatively late,the main research field is also focused on the existence of the stickiness,causes and influence factors,the study of its economic consequences,especially the relationship between cost stickiness and anti-stickiness with corporate performance.This article is based on transaction cost,incomplete contract,the principal-agent theory,analyzes the theoretical basis of cost stickiness,and the reason of the existence of anti-stickiness though capacity utilization.This paper analyzes the influence factors of enterprise performance from the aspects of macro and the micro factors,which lays the theoretical foundation for the subsequent empirical research.Based on the financial data of listed companies from 2012 to 2016,verified the existence of cost stickiness and anti-stickiness,and studied the relationship with corporate performance.Through the Weiss model,the company’s costs and the degree of anti-stickiness are directly measured,and the relationship between its performance and corporate performance was studied through multiple regression models.The results show that the cost stickiness and the anti-stickiness of the listed companies in Chinese manufacturing sector are coexisted,and the overall performance is cost stickiness.The stickiness and anti-stickiness both have no significant effect on the performance of enterprises.According to different property,it is found that cost stickiness has no significant effect on state-owned enterprises and non-state-owned enterprises.But cost anti-stickiness has a significant effect on non-state-owned enterprises.Finally,this paper puts forward related suggestions from the enterprise and the external environment,in order to improve the performance.