中小板企业生命周期对管理费用粘性的影响
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摘要
文章将现有的成本费用粘性理论与企业生命周期理论相结合,通过对中小板上市公司2010-2017年的财务数据的实证检验发现,我国中小板上市公司管理费用粘性是客观存在的,并且中小板企业在生命周期各个阶段受不同的影响因素作用所展现出的管理费用粘性程度存在差异。从而证明了在宏观经济环境因素和企业内部环境因素的作用下,企业会自主调控资源配置计划,而这种资源配置计划会对企业表现出的管理费用粘性行为造成影响。研究结果从管理费用粘性角度为企业成本控制,及企业战略性预算等方面提供一定的参考。
Combining the cost stickiness theory and the enterprise life cycle theory, it is found that the stickiness of management costs of the SME Board listed companies in China has objectiveness, and the SME Board enterprises have different levels of stickiness in their management costs due to different influence factors at various stages of their life cycle through the empirical test of the financial data of the SME Board listed companies from 2010 to 2017. This article fully validates the hypothesis of the relationship between management costs stickiness and the three factors of the company life cycle affecting factors, such as the ratio of intangible assets, cash flow, and asset growth rate. Under the influence of macroeconomic environmental factors and enterprise internal environmental factors, it is also proved that the company will autonomously regulate the allocation plan of resources, and this kind of resource allocation plan will affect the stickiness behavior of the management costs that the company displays. From the perspective of management cost stickiness, the research results provide some reference for corporate cost control and enterprise strategic budget.
Combining the cost stickiness theory and the enterprise life cycle theory, it is found that the stickiness of management costs of the SME Board listed companies in China has objectiveness, and the SME Board enterprises have different levels of stickiness in their management costs due to different influence factors at various stages of their life cycle through the empirical test of the financial data of the SME Board listed companies from 2010 to 2017. This article fully validates the hypothesis of the relationship between management costs stickiness and the three factors of the company life cycle affecting factors, such as the ratio of intangible assets, cash flow, and asset growth rate. Under the influence of macroeconomic environmental factors and enterprise internal environmental factors, it is also proved that the company will autonomously regulate the allocation plan of resources, and this kind of resource allocation plan will affect the stickiness behavior of the management costs that the company displays. From the perspective of management cost stickiness, the research results provide some reference for corporate cost control and enterprise strategic budget.
引文
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[4]陈少华,陈爱华.企业生命周期划分及度量方法评析.财会月刊.2012(27)77-78
[5]常琳琳.成本粘性与产能利用率分析.财会通讯.2013(5)105-106
[6]韩岚岚,马元驹.内部控制对费用粘性影响机理研究——基于管理者自利行为的中介效应.经济与管理研究.2017.38(01)134-137
[7]武张鑫.战略成本管理视角下的成本粘性行为研究.上海工程技术大学.2015(29-39)
[8]KamaI.,Weiss D..DoEarnings Targets and Managerial Incentives Affect Sticky Costs?.Journal of Accounting Research,Vol.51,No.1,September 2013(201-224)
[9]刘水.行业差异对管理费用粘性的影响研究.东北财经大学.2015(14-25)
[10]司维寰.机构投资者监督、创新投入与企业成本粘性.财会通讯.2018(36)89-93
[11]李百兴,王博,卿小权.内部控制缺陷、缺陷内容差异与高管薪酬粘性.财会月刊.2018(24)14-25
[12]安灵,赵婷.代理成本、高管薪酬粘性与预算松弛.财会月刊.2018(20)85-91
[13]赵淼.管理者过度自信对企业成本粘性的影响.现代经济信息.2018(15)188-189
[14]孔阁霞.国内外成本粘性研究进展.财会研究.2018(06)28-32
[15]刘小明.企业生命周期与成本费用粘性初探.现代国企研究.2018(06)9
[2]孔玉生,朱乃平,孔庆根.成本粘性研究:来自中国上市公司的经验证据.会计研究.2007(11)59-62
[3]韩飞,刘益平.关于制造业上市公司总成本粘性的实证分析.财会月刊.2010(33)24-26
[4]陈少华,陈爱华.企业生命周期划分及度量方法评析.财会月刊.2012(27)77-78
[5]常琳琳.成本粘性与产能利用率分析.财会通讯.2013(5)105-106
[6]韩岚岚,马元驹.内部控制对费用粘性影响机理研究——基于管理者自利行为的中介效应.经济与管理研究.2017.38(01)134-137
[7]武张鑫.战略成本管理视角下的成本粘性行为研究.上海工程技术大学.2015(29-39)
[8]KamaI.,Weiss D..DoEarnings Targets and Managerial Incentives Affect Sticky Costs?.Journal of Accounting Research,Vol.51,No.1,September 2013(201-224)
[9]刘水.行业差异对管理费用粘性的影响研究.东北财经大学.2015(14-25)
[10]司维寰.机构投资者监督、创新投入与企业成本粘性.财会通讯.2018(36)89-93
[11]李百兴,王博,卿小权.内部控制缺陷、缺陷内容差异与高管薪酬粘性.财会月刊.2018(24)14-25
[12]安灵,赵婷.代理成本、高管薪酬粘性与预算松弛.财会月刊.2018(20)85-91
[13]赵淼.管理者过度自信对企业成本粘性的影响.现代经济信息.2018(15)188-189
[14]孔阁霞.国内外成本粘性研究进展.财会研究.2018(06)28-32
[15]刘小明.企业生命周期与成本费用粘性初探.现代国企研究.2018(06)9