Research On The Influence Of Female Executives’ Characteristics On Enterprise Cost Stickiness In Manufacturing Industry

The problem of Cost Stickiness in manufacturing enterprises is receiving unprecedented attention.The decision-making of enterprise cost management affects all aspects of the enterprise.As a hot research object in recent years,female executives are often an important part of the top management team,and play a key role in making cost management decisions and strategic decisions.This paper focuses on the relationship between female executives and cost stickiness,and the moderating effect of CEO age and CEO compensation.The research is helpful to the female managers’ cost expenditure decision,promote company cost management and help the development of the enterprise.According to relevant research,this paper will explore the impact of female managers on manufacturing cost stickiness,and study the moderating effect of CEO age on the two,as well as the moderating effect of CEO compensation.Firstly,based on the data of listed manufacturing companies from 2009 to 2018 as the initial sample,10258 pieces of data are obtained after screening;secondly,according to logical reasoning,the hypothesis of manufacturing cost stickiness,the research hypothesis of female executives on the mechanism of cost stickiness,and the hypothesis of CEO age and CEO compensation adjustment effect are put forward.Finally,by using spss26 Using descriptive statistics,correlation analysis,multiple regression and other empirical research methods,the following conclusions are drawn:(1)there is Cost Stickiness in manufacturing listed companies,but its degree is reduced;(2)increasing the number,proportion or salary of female managers will weaken the Cost Stickiness;(3)there is no significant relationship between the number offemale directors and the Cost Stickiness;(4)improving the educational background of female managers will aggravate the cost stickiness;(5)CEO age negatively regulates the relationship between female executives’ number,proportion,salary,educational background and cost stickiness;(6)CEO salary positively regulates the relationship between female executives’ proportion and Cost Stickiness;(7)further research shows that non manufacturing industry has a positive effect on Cost Stickiness The degree of cost stickiness is lower than that of manufacturing cost stickiness.Different from manufacturing enterprises,the number and proportion of female executives in manufacturing enterprises weaken the degree of cost stickiness.The age of non manufacturing CEOs has a positive moderating effect on the relationship between the proportion of female executives and cost stickiness,while the moderating effect is opposite to that of manufacturing CEOs.To sum up,this paper not only provides a new perspective for the research on the influencing factors of cost stickiness,but also extends and enriches the theory of the influence effect of female executives,and analyzes the influence mechanism between them,which has a very important practical significance for the development of female executives,enterprise development,and even social development.According to the empirical test results,this paper puts forward suggestions from enterprise managers,enterprise talent selection management,enterprise salary management,the public and the government,and analyzes the research prospects.