宏观经济对费用粘性的影响研究

• 作 者: 江婉滢
• 机 构: 中南财经政法大学会计学院,
• 出 处: 财经界(学术版)
• 发表日期: 2015年08期
• 关键词: 企业费用粘性 宏观经济波动 管理者未来预期 企业成本决策

基于企业财务数据及宏观经济数据,本文研究了企业成本费用粘性的成因及管理者预期在其中所起到的作用。在控制了代理问题和调整成本的基础上,通过建立相关实证模型,本文得出结论,宏观经济波动是企业产生成本费用粘性的原因之一,在宏观经济波动对企业成本费用粘性的影响过程中,管理者未来预期起到了中介传导机制作用。相较于国有企业,在非国有企业中,管理者未来预期起到的传导作用更为显著。

Based on the corporate financial data and macroeconomic data, this paper studies the causes of stickiness of firm cost and the role that managers expect to play in it. On the basis of controlling the agency problem and adjusting the cost, this paper concludes that the macroeconomic fluctuation is one of the reasons for the enterprise to produce the stickiness of cost and cost. In the process of the influence of the macroeconomic fluctuation on the stickiness of the cost of the enterprise , Managers expected to play an intermediary role in the future transmission mechanism. Compared with state-owned enterprises, managers in the non-state-owned enterprises are expected to play a more significant role in the transmission.