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
The deep integration of digital technology with the real economy has reconstructed production systems.We explore the impact of digital technology on the resource allocation behavior and efficiency of manufacturing ent...The deep integration of digital technology with the real economy has reconstructed production systems.We explore the impact of digital technology on the resource allocation behavior and efficiency of manufacturing enterprises.Using a sample of Chinese A-share listed manufacturing firms over the 2010–2021 period,we find that digital technology alleviates cost stickiness,especially in enterprises with a high level of Industrial Internet platform usage.This effect occurs by optimizing the labor force structure and improving the economic benefits of labor capital investment.Heterogeneity analysis shows that this effect is pronounced in enterprises with high levels of labor intensity and business complexity.Our findings shed new light on the consequences and mechanism of enterprise cost optimization that is driven by technologydriven reforms.展开更多
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
Do supply chain audits have real effects?We focus on the effect of shared auditors in the supply chain on corporate cost stickiness.When a supplier shares auditors with its customers,the shared auditors provide inform...Do supply chain audits have real effects?We focus on the effect of shared auditors in the supply chain on corporate cost stickiness.When a supplier shares auditors with its customers,the shared auditors provide informational advantages for suppliers’managers,thus revising their optimistic or pessimistic expectations and influencing suppliers’cost stickiness.Using a sample of Chinese A-share listed companies from 2009 to 2017,we explore the relationship between shared auditors and suppliers’cost stickiness conditional on management expectations.The results show that shared auditors in the supply chain reduce suppliers’cost stickiness significantly when suppliers’managers hold optimistic expectations,and increase suppliers’cost stickiness in cases of pessimistic expectations.Furthermore,the greater the number of shared auditors,the stronger the effect.Such effects are more pronounced when supplier firms share auditors with important customers,have higher demand uncertainty,and use big 10 auditors.展开更多
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.
基金Foundation of China Project“Media Attention and Contract Governance of Mixed-Ownership Enterprises:Effect,Mechanism and Path”(Project No.:72172113)Humanities and Social Science Research Project of the Ministry of Education:Research on the effects and mechanisms of Resource Allocation and Sharing in Intelligent Manufacturing Enterprises(Project No.:23YJA630103).
文摘The deep integration of digital technology with the real economy has reconstructed production systems.We explore the impact of digital technology on the resource allocation behavior and efficiency of manufacturing enterprises.Using a sample of Chinese A-share listed manufacturing firms over the 2010–2021 period,we find that digital technology alleviates cost stickiness,especially in enterprises with a high level of Industrial Internet platform usage.This effect occurs by optimizing the labor force structure and improving the economic benefits of labor capital investment.Heterogeneity analysis shows that this effect is pronounced in enterprises with high levels of labor intensity and business complexity.Our findings shed new light on the consequences and mechanism of enterprise cost optimization that is driven by technologydriven reforms.
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.
基金the National Social Science Foundation of China(Major Project 13&ZD146)the Fundamental Research Funds for the Central Universities of China(No.JBK19072018153)for their support.
文摘Do supply chain audits have real effects?We focus on the effect of shared auditors in the supply chain on corporate cost stickiness.When a supplier shares auditors with its customers,the shared auditors provide informational advantages for suppliers’managers,thus revising their optimistic or pessimistic expectations and influencing suppliers’cost stickiness.Using a sample of Chinese A-share listed companies from 2009 to 2017,we explore the relationship between shared auditors and suppliers’cost stickiness conditional on management expectations.The results show that shared auditors in the supply chain reduce suppliers’cost stickiness significantly when suppliers’managers hold optimistic expectations,and increase suppliers’cost stickiness in cases of pessimistic expectations.Furthermore,the greater the number of shared auditors,the stronger the effect.Such effects are more pronounced when supplier firms share auditors with important customers,have higher demand uncertainty,and use big 10 auditors.
