摘要
本文以2007-2016年间我国A股上市公司为样本,实证检验了成本粘性对企业风险的影响以及内部控制质量对这一影响的调节作用。研究结果表明:成本粘性会显著加剧企业风险;内部控制质量能够有效调节成本粘性对企业风险的影响。进一步分析后发现,成本粘性能够显著提高公司的投资风险;公司治理有助于缓解成本粘性对企业风险的负面影响。同时,成本反粘性同样会加剧企业风险,高质量的内部控制能够显著缓解此影响。本研究深化和丰富了成本粘性的经济后果研究,也为企业加强内部控制、更好的实现供给侧结构性改革中的“降成本”目标、防范和应对企业风险提供了理论依据。
By taking the A-share listed companies in China as samples, this paper empirically examines the impact of cost stickiness on enterprise risk and the moderating effect of internal control quality on this impact. This paper draws the following conclusions: cost stickiness can significantly increase enterprise risk;internal control quality can effectively regulate the impact of cost stickiness on enterprise risk;cost stickiness could significantly enhance investment risks;corporate governance could effectively alleviate the adverse impact of cost stickiness on enterprise risk;cost anti-stickiness could also aggravate enterprise risk, and higher quality of internal control could effectively weaken this negative impact. This research deepens and enriches the research of the economic consequences of cost stickiness, and also provides a theoretical basis for enterprises to enforce internal control, to achieve the target of cost reduction during the structural reform of supply-side, and to reduce the uncertainty and risk of enterprise operation.
作者
耿云江
王丽琼
Geng Yunjiartg;Wang Liqiong
出处
《会计研究》
CSSCI
北大核心
2019年第5期75-81,共7页
Accounting Research
基金
国家自然科学基金(71602024)
教育部人文社会科学研究项目(16YJC790069)的资助
关键词
成本粘性
企业风险
内部控制质量
Cost Stickiness
Enterprise Risk
Internal Control Quality