Research On The Influence Of Corporate Governance And Management Self-interest On Cost Stickiness

The cost viscosity is a hot topic in the management accounting in recent years,and it is considered that the increase in the cost of the increase of the business volume is greater than the decrease of the cost when the amount of the traffic is reduced.It's proposed to break the view of the traditional cost habit.Then,more and more scholars began to study the cost-viscosity problem,and the research focused on the existence,the origin,the influence factors and the economic consequences of the cost-viscosity.Few scholars study the corporate governance,management self-interest and cost viscosity in the same category.In order to increase the research on cost stickiness between corporate governance and management self-interest,this paper firstly combs the relevant literatures at home and abroad,at the same time defines the concepts of cost stickiness,management self-interest and corporate governance,and then combines the relevant theories.To carry on the in-depth research to the three.After theoretical analysis,this paper selects China's A-share manufacturing listed companies from 2013 to 2017 as the research sample,and empirically explores the existence of the cost stickiness of China's manufacturing enterprises.The influence of Management self-interest on cost stickiness and the influence of different Corporate Governance factors on cost stickiness under different Free Cash flow.The results of the research show that the cost of the manufacturing enterprises in our country is sticky,the self-interest of the management is helpful to the viscosity of the cost,the interest rate of the enterprise can be reduced,the self-interest of the management can be restrained,the cost of the enterprise can be reduced,the scale of the board of directors,the proportion of the independent directors,Both the two-level separation and the management hold can restrain the self-interest behavior of the management,restrain the cost viscosity,and have stronger inhibition effect in the case of sufficient free cash flow.Finally,based on the research result of the article,some suggestions to improve the cost viscosity are put forward,which can help the manufacturing enterprises to improve their management performance and improve the management level of the cost to some extent.