| Since the opening of the first high-speed railway between Beijing and Tianjin in 2008,the construction of high-speed railway in our country has been carried out formally.As of today,China’s high-speed rail construction has achieved a historic breakthrough,leading the world in technical level,and has become a dazzling business card of China’s economic development.As a national macro-transportation strategic facility,high-speed rail has rapidly reduced travel time,broken communication barriers caused by geographical distance,changed people’s way of production and life,and has an important impact on the transformation of urban development models and regional economy development.The construction of high-speed railway not only has a great influence on macro-economic development,but also on the behavior of micro-enterprises.As a component of the capital market,the business methods and management decisions of enterprises are restricted by various internal and external factors.Therefore,environmental changes caused by the change of space-time distance will also affect the production and operation decisions of enterprises.Since 2003,Anderson et al.have opened the "black box" of cost management,and the academic community has conducted extensive research on the cost management behavior of enterprises.At present,cost adjustment,optimistic expectations of management and agency problems of management are the three major causes of cost stickiness,and have been recognized by many scholars.Many scholars have also conducted research from the external environment and the level of enterprises themselves to explore the influencing factors of cost stickiness.However,there are currently few studies examining the impact of external macro-transportation infrastructure on enterprise cost management behavior.Based on the research background of high-speed rail construction and enterprise cost management mentioned above,this article analyzes the affect of high-speed rail opening on enterprise cost management behavior and its influencing mechanism from the perspective of enterprise cost stickiness.At the same time,considering the heterogeneous impact brought by the internal and external environmental characteristics of enterprises,it explores the impact of high-speed rail on enterprises from multiple perspectives,in order to promote the healthy development of enterprises.To study the above issues,this article firstly introduces the relevant background of high-speed rail opening and cost stickiness,summarizes relevant literature at home and abroad,and theoretically deduces and proposes hypotheses based on existing research.Subsequently,an empirical analysis was conducted to examine the impact mechanism of high-speed rail opening on cost stickiness and the correlation between the two in different scenarios by constructing a model based on research hypotheses.The final conclusion is that the opening of high-speed rail can significantly suppress the cost stickiness of enterprises,which is achieved through the information effect and resource allocation efficiency improvement brought about by the opening of high-speed rail.Secondly,the characteristics of enterprises themselves have a significant impact on the relationship between the opening of high-speed railways and cost stickiness.In the western region where internal control is weak,institutional shareholding is low,marketization is low,and economic development is relatively backward,the opening of high-speed railways more significantly suppresses the cost stickiness of enterprises.Under the above research framework,the research conclusions of this paper have certain strategic significance:(1)This paper reveals the impact of high-speed rail construction on enterprise cost stickiness from the perspective of macro-transport strategic planning,provides new ideas for the study of cost behavior,can reliably provide empirical evidence for the relationship between the development of transport infrastructure and cost management behavior,and enrich the literature and experimental evidence related to cost stickiness;(2)Starting from the stickiness of enterprise costs,this paper explores the impact path of high-speed rail construction on enterprise cost management behavior,and provides relevant empirical evidence for how transportation infrastructure affects micro-enterprise decision-making and promotes its further steady development;(3)This article considers the impact of the national macro-level high-speed rail network construction on the cost stickiness of enterprises.For enterprises in the era of high-speed rail,how to utilize the flow of production factors brought by the opening of high-speed rail and improve the efficiency of enterprise cost management has a certain enlightenment.External investors at an information disadvantage should take advantage of the information flow and convenient transportation brought by the high-speed railway to actively carry out external learning,strengthen the supervision of the company’s operation and management,curb agency problems and the management’s self-interest behavior,improve the efficiency of the company’s resource allocation,and achieve cost reduction,quality improvement and efficiency increase;(4)Through testing,it is found that the opening of high-speed rail has a weakening effect on the cost stickiness of enterprises,which is mainly present in the western region and areas with low marketization.Therefore,for areas with relatively backward economic development in the western region,the government should adjust measures to local conditions,actively develop supporting infrastructure construction,speed up cross-regional exchange of factors,and strengthen communication and cooperation with the central and eastern regions,form a high-speed rail network with orderly flow of various production factors. |
