A Listed Company Executives Monetary Compensation Structure Impact On The Cost Of Sticky Research

Enterprise cost stickiness is cost and volume of the nonlinear change,increase or decrease in proportion to volume and cost is not change,volume rises up the cost of amplitude is higher than low cost to reduce the size of the business, Many scholars have studied the cost the existence of viscosity, the existence of various types cost stickiness have been verified, so researchers begin to pay close attention to cost the influence factors of viscosity and viscosity were found charge cost adjustment, industry, property rights, the influence of factors such as corporate governance and management decisions.This paper based on the influence factors on the type of cost stickiness and executive compensation structure of literature, and therefore deduced the hypothesis of the article, and then use samples regression model for screening, research conclusions are obtained, in this paper, starting from the perspective of property rights, and through the Shanghai and Shenzhen two city from 2009 to 2009 A-share listed company financial statement analysis, inspection fees the existence of the sticky of listed companies, and analyze the effect of executive compensation structure whether the existence of the sticky, Study conclusion shows that: although the cost of the property nature of the enterprise are different viscosity, but relative to the non-satte-owned enterprises, state-owned enterprises cost level of viscosity, Fixed and executive compensation structure can affect the level of cost stickiness, when fixed executive compensation structure proportion, in the face of declining volume, executives will be according to the actual situation of enterprises to adjust cost of sales management, so as to make the enterprise the cost of the original viscous levels drop; When executives fixed salary structure proportion is low, in the face of declining volume, executives will not immediately adjust enterprise sales management costs, thus make the enterprise the cost of the original viscosity level high. Fixed executive compensation structure and enterprise property rights can influence the relationship between the viscosity and pin tube cost, cost of non-state-owned listed companies viscous and executive compensation structure fixed by significance test, the relationship between state-owned listed companies charge viscous and executive compensation structure fixed relationship did not pass the test of significance, compared with state-owned listed companies, the non-state-owned listed companies prefer to use fixed executive compensation structure to adjust viscosity level.