| As China entered the 14 th Five-Year Plan period in 2021,listed companies will face greater opportunities and challenges.In addition,the global pandemic of COVID-19 has increased the operating costs of listed companies,and how to manage costs effectively in this critical period is bound to become the focus point of listed companies.The development of information technology and the increasing scale of listed companies have led listed companies to choose to use financial sharing services to manage their finances better,save costs and improve efficiency.Cost stickiness is an important concept in cost,and the existence of cost stickiness has an exact impact on a company’s performance.Therefore,the study of the impact of financial shared services on cost stickiness is meaningful.Based on the above,the study will explore the relationship between financial shared services and cost stickiness,and explore the differences in the use of financial relationship services on cost stickiness by industry and region.Firstly,domestic and international studies on financial sharing services and cost stickiness are summarized by way of viewpoint induction.In terms of financial sharing services,the focus is on sorting out the impact of financial sharing on costs,the implementation effect of financial sharing and the factors affecting the use of financial sharing services by listed companies;in terms of cost stickiness,the focus is on summarizing the causes of cost stickiness and the impact of cost stickiness on listed companies.Then,the important concepts used in the study-financial shared services and cost stickiness are defined,and the inner relationship and influence path of financial shared services are analyzed in depth through managers’ expectation theory and process optimization theory.So,the first hypothesis of the study is proposed:financial shared services will reduce the cost stickiness of listed companies;The second hypothesis is formulated by combining the theoretical basis of the first hypothesis with the theory of scale analysis: from the perspective of industry,the cost stickiness reduction level of industrial listed companies is significantly higher than that of non-industrial listed companies.;the third hypothesis is derived by combining the theoretical basis of the first hypothesis with regional economic theory: From the regional point of view,the cost stickiness reduction level of listed companies in eastern China is significantly higher than that of non-eastern China.Finally,empirical research carried out to verify this method by PSM hypothesis.Combined with the empirical results analyzed research conclusions,and in view of the current situation of financial sharing services used by listed companies in China,I put forward the following three suggestions: to fully analyze the information of financial sharing service platform,pay attention to the feedback of financial sharing service information and adjust the resource allocation of financial sharing service platform.This enables financial sharing services to play a better role and effectively reduces the cost stickiness of listed companies.The main conclusions of this study are as follows:(1)Using financial sharing service will reduce cost stickiness of listed companies,which proves that there is a suppression effect of financial shared services;financial shared services can effectively reduce the company’s operating costs and enhance cost management,and also provide high-quality and transparent information for managers,which makes managers’ expectations more objective and reduces cost stickiness.(2)From the regional perspective,the cost stickiness reduction level of listed companies in eastern China is significantly higher than that of non-eastern China;Financial sharing services in eastern regions have been used for a longer time and have more experience than those in non-eastern regions.Moreover,eastern regions are more attractive to sharing talents than non-eastern regions.As a result,the implementation of financial sharing services in eastern regions has stronger benefits than non-eastern regions,and the final reduction of cost stickiness is higher than that in non-eastern regions. |
