The Influence Of Cost Variation In Listed Companies On Financial Competitiveness

"One of the global one hundred thinker" tile family Ralph once said, "if you don’t have a strong and innovative manufacturing system, and it creates jobs, so, any one of the advanced economies is likely to flourish." [1]As our country is facing the challenge of a new round of revolution of science and technology, March 5, 2015 on the national annual li puts forward "made in China 2025", through the combination of industrialization and information, and make full use of the Internet technology, improve manufacturing the irreplaceability of position in the fierce market competition. The competitive advantage of enterprises covers all aspects such as financial, manpower, production, finance as the core of competitive competence plays an important role in the enterprise, is a powerful guarantee for the sustainable development of enterprises.Cost is an eternal topic, cost advantage of penetration in the areas of enterprise competition in the market, whether the enterprise production, operation, the innovation is inseparable from the enterprise cost management, cost is the foundation of corporate profits. In September 2013, the ministry of finance issued the accounting [2013] no. 17 "enterprise product cost accounting system(trial)", to strengthen the enterprise product cost accounting work, ensure that the product cost information true and complete system to provide the basis. Along with the implementation of cost accounting system and the improvement of enterprise cost management requirements, how to optimize allocation of financial resources, give full play to the cost advantages to improve enterprise competitiveness, and improve the financial competitiveness, is a subject worthy of the present study.This article first to the financial competitiveness and cost accounting of the related literature at home and abroad are reviewed, and then to the cost of production theory, cost information of supply and demand theory, strategic cost theory, theory of target cost and competitiveness theory as the theoretical basis, defines the connotation and characteristics of the enterprise financial competitiveness, and formed with financial strategic management ability, financial resource allocation ability and financial environment adaptation ability three aspects of financial competitiveness system. On this basis, this article first has part of the manufacturing costs in 2014-2015 statistical project information disclosure situation, found that the cost of information disclosure is still not perfect, cost management consciousness needs to be improved; And then to Shanghai and shenzhen in 2012-2014 based on the financial data of listed companies manufacturing, according to different industries in the process of production for resources depends on the degree of difference in manufacturing points three types, the comparative analysis of different types, different periods of the listed company during the operating cost and expenses. Finally, the first 50 listed manufacturing companies as the sample preliminary inspection cost changes and the relevance of financial competitiveness, on 691 manufacturing listed companies as samples, after further relevant variables for the descriptive statistics analysis, correlation analysis and factor analysis, using panel data of 2012-2014 multivariate regression analysis. Empirical studies have found that the cost rate of change was associated with a significant financial competitiveness, in particular, labour-intensive manufacturing operating cost rate is negative correlation with financial competitiveness, rate and financial competitiveness during exist positive correlation; Technology resource intensive and capital intensive industry operating cost rate is positive correlation with financial competitiveness, while negative correlation rate and financial competitiveness. These results for different types of manufacturing companies from different Angle of view to strengthen cost competitiveness so as to promote the competitiveness of the financial has a certain reference significance. Based on this, our country manufacturing industry need to improve the quality of cost information disclosure of listed companies and strengthen the cost management consciousness, strengthen the research and development input to improve product performance, enhance the level of informatization intelligent management and promote enterprise’s financial competitiveness through cost advantage.