Research On The Influence Of Financing Constraints And Internal Control On Cost Stickiness Of The New Energy Listed Companies

In the traditional energy crisis and environmental pollution and greenhouse effect,against the background of development and utilization of new energy and new energy industry development has aroused people's attention,constantly introduce relevant policies and regulations have also provides a good platform for the growth of new energy industry.However limited to the enterprise technology lag behind,the high cost of make its development is limited by a certain extent At the same time,in the traditional theory of nature condition,the cost is the same proportion as the traffic changes,but found that scholars both at home and abroad enterprises cost and volume change of the nonlinear relationship,is cost stickiness,and different industries have different degree of the cost of viscous.Cost viscosity will make cost estimate appeared deviation,lead to the company's operating decision-making mistakes,does not favor the enterprise avoid risk,affect the company's management level.For further analysis and specification of new energy cost management behavior of listed companies,listed companies based on the new energy industry data from 2013 to 2018 as samples,empirically tested the existence of new energy industry cost stickiness,the impact of financing constraints on the company's cost stickiness,and internal controls in between them.Research has shown that China's new energy industry listed companies exist cost viscous phenomenon;New energy industry financing constraint viscosity has significant inhibitory effect on cost,namely the stronger the degree of financing constraints,cost stickiness;Internal control in viscous regulating role financing constraints and cost,high quality of internal control can significantly promote the cost of financing constraints on the effects of viscosity.Therefore,in order to raise the scientific nature of the corporate governance and management decision-making and the rationality of the mitigation costs viscous phenomenon,should face up to the financing constraints and the impact of internal control on cost management,cost management to improve the company structure,optimize the corporate governance effect.The research conclusion of this article for the new energy deal with financing constraints,strengthening the internal control of listed companies and improve the cost management to clarify the new direction,add new evidence for the effect of corporate governance.