Research On The Impact Of Internal Control Quality Of High-end Equipment Manufacturing Companies In My Country On Cost Stickiness

On the supply side of the reform and optimization of economic structure,implementation,coordination,green innovation,openness,sharing under the background of the development of the development of the concept,high-end equipment manufacturing industry plays an important role.Its advanced technology and strong ability of innovation for the development of upstream and downstream industry plays a strong leading role,is known as the industrial transformation and upgrading of the engine and the backbone of the modern industry system.Xi jinping,general secretary of the communist party of China(CPC),further affirmed the importance of high-end equipment manufacturing industry in transforming economic development mode and achieving innovative growth.Based on principal-agent theory,information asymmetry theory and signal transmission theory,this paper analyzes the internal control quality and cost stickiness of high-end equipment manufacturing industry through empirical research methods.The results show that the cost stickiness exists in high-end equipment manufacturing industry,and the higher the quality of internal control,the smaller the cost stickiness.Since ownership concentration is an important part of internal governance of enterprises,this paper further analyzes its impact on internal control.Empirical evidence shows that the higher ownership concentration is,the weaker the inhibition of internal control on cost stickiness.At the same time,this paper brings forward a comprehensive budget,improve the quality of internal control and the rational allocation of equity internal measures and to set up the professional manager market and credit system,strengthen external supervision and perfect the legislation of external measures,in order to improve the quality of internal control,to reduce the cost of viscous,raise the level of enterprise internal management and cost management level.