Can High-quality Economic Development Affect Firm's Cost Stickiness?

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Journal of Central University of Finance & Economics ›› 2021, Vol. 0 ›› Issue (10) : 65-76.

HAN Lan-lan, LI Bai-xing

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Abstract

The nineteen report pointed out that China's economy has shifted from a high speed growth stage to a high-quality development stage,which means that China's economy has entered a new era of improving quality and efficiency.High-quality economic development eventually completes by firms.The influence of high-quality economic development on firms has become a new research field.Using the sample of financial data of A-share listed companies in Shanghai and Shenzhen from 2010 to 2018,the paper analyzes the influence of high-quality economic development on firm's cost stickiness.The empirical result indicates that high-quality economic development can reduce cost stickiness of firms. Internal control quality has a moderating effect on high-quality economic development and firm's cost stickiness.Further analysis found that the restraint of high-quality economic development on cost stickiness is more significant when the company is private enterprises,asset specificity is weak,and entrepreneur confidence is low.The research conclusions of this paper have important reference significance for clarifying the influence of high-quality economic development on cost stickiness and improving firm cost management.

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High-quality economic development / Cost stickiness / Internal control quality / Moderating effect

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HAN Lan-lan, LI Bai-xing. Can High-quality Economic Development Affect Firm's Cost Stickiness?[J]. Journal of Central University of Finance & Economics, 2021, 0(10): 65-76

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