Research On The Impact Of Ownership Concentration And Checks And Balances In Iron And Steel Enterprises On Cost Stickiness

Since 2016,China has begun to promote the supply side reform policy.Aiming at the problems of vicious competition,blind production,high cost and overstocking in China's iron and steel industry,the policy puts forward the reform goal of "three elimination,one reduction and one supplement".Iron and steel enterprises actively respond to the call of the state,promote industrial optimization and upgrading,reduce production costs,continuously improve the economic benefits of enterprises,turn losses into profits,and achieve remarkable results in reform.However,the basic contradiction between the weakening industry demand and overcapacity has not been completely solved.In recent years,the price of iron and steel mineral resources is rising.Reducing enterprise costs and continuing to promote reform are still the core tasks of the future development of the iron and steel industry.This paper focuses on the impact of ownership concentration and balance on Cost Stickiness in iron and steel industry,in order to clarify the relationship between ownership change and cost stickiness.Firstly,this paper reviews the relevant research literature at home and abroad,and defines the relevant concepts and theories.Then,this paper selects the data of Listed Companies in China's iron and steel industry from 2010 to 2019 to conduct an empirical study to examine the relationship between equity change and cost stickiness.The conclusions are as follows:(1)there is indeed Cost Stickiness in China's iron and steel industry;(2)the degree of ownership concentration in China's iron and steel industry has an inhibitory effect on Cost Stickiness;(3)there is a positive correlation between the degree of equity balance and Cost Stickiness in China's iron and steel enterprises.On the basis of the empirical results,the case part selects Chongqing Iron and Steel Co.,Ltd.for analysis,and interprets the relationship between ownership concentration,equity balance and cost stickiness,which more intuitively reflects the impact of ownership concentration,equity balance on cost stickiness,and draws research conclusions with the empirical results,and finally puts forward suggestions according to the conclusions.