A Five-year Summary of Cost Stickiness Research

Abstract

In the existing research on cost stickiness, the research on the existence, causes and influencing factors of cost stickiness is more systematic, while the research on economic consequences is more fragmented. As one of the information basis for stakeholder decision-making, it is of great significance to study its latest achievements. This paper reviews the relevant literature on the influencing factors and economic consequences of cost stickiness in the past five years, and summarizes the impact of management characteristics, digitization and intelligence, R & D innovation, earnings management, financing constraints, policies and economic environment on cost stickiness and the economic consequences of cost stickiness on corporate performance, corporate value and corporate risk. On this basis, two suggestions for future research are put forward. First of all, in terms of research content, this paper suggests paying more attention to the micro level. For example, whether managers make decisions to adjust the changes of corporate finance and operating conditions based on the phenomenon of cost stickiness, whether external stakeholders will respond to the stickiness of the enterprise and the economic consequences of cost anti-stickiness. In terms of research methods, the existing literature is mainly based on empirical research, and there are relatively few case studies. It is suggested to further expand case studies to help business practice and academic research.