| At present,under the background of “new norm” economy and the deepening development of state-owned enterprises reform, competition among enterprises becomes m ore fierce.The management of cost control is critically im portant for these enterprises.Traditional cost theory, which proposed a lined change between the volume and cost, has been unable to satisfy the current requirements.When the volum e increases, cost increases m ore than it decreases when the volume decreases, that is cost stickiness. This concept has considered the cost of managing link in the process of production and operations.This paper chooses Shanghai jahwa com pany as a specific case to have a further analysis, which is on the basis of managers optimistic expectation theory and entrust theory.And also, it is com bined with its nearly 10 years financial data.In which period this com pany has experienced the changes of ente rprise property rights and som e relating factors that affect cost stickiness are analyzed in this paper. Shanghai jahwa com pany is the first listed chemical company in China and has a huge market share.First of all, according to its declines in revenue in 2007, this paper uses its financial data to prove the existence of its cost stickiness. With combining with the execution o f new accounting standards in 2007, it al so analyzed its influence of cost stickiness.T hen,the financial crisis of 2008 broke out.this paper explained its impact from the external m acro economic situation and the developm ent of internal company strategic.Afterwards, because of its takeover and change of nature of property rights in November 2011, this article chooses the two factors:equity structure and executive changes,and concludes that theses two factors reduced the level of it s cost stickiness.Above all, th is paper puts forward several enlightenment thinking: companies should implement the new accounting standard regularly, expected future of enterprises objectively, improve the corporate governance structure, the external supervision and improve the talents of their executives and staff. |
