Cost Stickiness theory believe that costs do not linearly change with the volume ofbusiness, when business increased it increases more cost than when business volume decreased by the same amount it reduces. Use sticky...Cost Stickiness theory believe that costs do not linearly change with the volume ofbusiness, when business increased it increases more cost than when business volume decreased by the same amount it reduces. Use sticky cost theory to the process of cost management can improve the efficiency of enterprises＇ cost plan and cost control. The national twelith five year plan proposed to vigorously develop strategic emerging industries, if the strategic emerging industry also has the cost stickiness, we can apply sticky cost theory to the process its cost management. The author selected 120 listing corporations＇ financial data in China during 2007-2012 belongs to the emerging industries. Through empirical study, we found that the strategic emerging industry does not exist sticky cost beheavior. This may because China＇s strategic emerging industrie is still in the initial reason.展开更多
This paper studies Whether the managerial overconfidence have any impact on the Cost management （Characterized by the degree of the Costs Stickiness ） .Using the ample of the A-share listed companies between 2007-20...This paper studies Whether the managerial overconfidence have any impact on the Cost management （Characterized by the degree of the Costs Stickiness ） .Using the ample of the A-share listed companies between 2007-2011 in China, We document that SG＆A cost stickiness decreases in the degree of overconfidence. The further studies show the negative relation is more significant in the state-owned listed companies,which proved our speculation that the manager will cut expenses avoiding significant decline in performance when the sales decline in the state-owned listed company.展开更多
文摘Cost Stickiness theory believe that costs do not linearly change with the volume ofbusiness, when business increased it increases more cost than when business volume decreased by the same amount it reduces. Use sticky cost theory to the process of cost management can improve the efficiency of enterprises＇ cost plan and cost control. The national twelith five year plan proposed to vigorously develop strategic emerging industries, if the strategic emerging industry also has the cost stickiness, we can apply sticky cost theory to the process its cost management. The author selected 120 listing corporations＇ financial data in China during 2007-2012 belongs to the emerging industries. Through empirical study, we found that the strategic emerging industry does not exist sticky cost beheavior. This may because China＇s strategic emerging industrie is still in the initial reason.
文摘This paper studies Whether the managerial overconfidence have any impact on the Cost management （Characterized by the degree of the Costs Stickiness ） .Using the ample of the A-share listed companies between 2007-2011 in China, We document that SG＆A cost stickiness decreases in the degree of overconfidence. The further studies show the negative relation is more significant in the state-owned listed companies,which proved our speculation that the manager will cut expenses avoiding significant decline in performance when the sales decline in the state-owned listed company.
