The Influence Of Cost Stickiness And Anti-stickiness On Enterprise Performance Of Listed Manufacturing Companies

Cost study is the core of management accounting and one of the most important research fields of management accounting.In recent years,the propose of concept of cost stickiness and anti-stickiness is one of the most important achievements in the field of cost research.On the basis of systematic review of relevant literatures about cost stickiness and anti-stickiness at home and abroad,this paper integrates transaction cost theory,agency theory and strategic cost management theory to explore the impact of cost stickiness and anti-stickiness on enterprise performance from the perspectives of lag period,cost type and ownership nature.This paper takes relevant data of A-share manufacturing listed companies in China from 2007 to 2018 as the research object,and uses weiss model to calculate the cost stickiness and anti-stickiness of enterprises.Regression models are constructed to test the differences in the impact of cost stickiness and anti-stickiness on enterprise performance in different periods,cost types and ownership properties,and to try to explore the optimal value of cost stickiness and anti-stickiness.Finally,according to the empirical results,the research conclusion will be drawn,and relevant suggestions are put forward for the listed companies in China to establish and perfect the cost control system and optimize the allocation of resources.The research shows that:(1)cost stickiness and anti-stickiness coexist in China’s manufacturing enterprises.(2)in the short term,cost stickiness,sales expense stickiness and total cost stickiness have negative influence on enterprise performance.Cost anti-stickiness,sales expense anti-stickiness,expense anti-stickiness and total cost anti-stickiness have positive influence on enterprise performance.(3)the cost stickiness of state-owned enterprises has negative influence on the current enterprise performance,while the total cost anti-stickiness has positive influence on the current enterprise performance.The cost stickiness and total cost stickiness of non-state-owned enterprises have negative influence on the current enterprise performance,while the cost anti-stickiness,sales expense anti-stickiness,administrative expense anti-stickiness and expense anti-stickiness have positive influence on the current enterprise performance.(4)in the long run,cost anti-stickiness,expense anti-stickiness and total cost anti-stickiness are correlated with enterprise performance in an inverted "U" shape.The optimal value of cost anti-stickiness is 2.1176,the optimal value of expense anti-stickiness is 3.1429,and the optimal value of total cost anti-stickiness is 2.2293.(5)in the sample of non-state-owned enterprises,the anti-stickiness of cost,the anti-stickiness of expense and the anti-stickiness of total costshow an inverted u-shaped correlation with the performance of enterprises in the next year.The optimal value of the anti-stickiness of cost is 2.0294,the optimal value of the anti-stickiness of expense is 3.0930,and the optimal value of the anti-stickiness of total cost is 2.04.