Abstract
From different perspectives with supplier relationships as the entry point, this paper explores the impact of external enterprises on the cost stickiness of listed companies based on the data of listed manufacturing companies in Shanghai and Shenzhen from 2016 to 2019. The results show that when the main suppliers are the associated companies of the listed company, the suppliers’ correlation degree and the influence of the associated suppliers will significantly reduce the cost stickiness, while the suppliers’ volatility degree will significantly increase the cost stickiness. Further researches show that in the samples with high environmental uncertainty, associated suppliers can exert more cooperative effects. State-owned enterprises can better deal with the cooperative relationship with associated suppliers, thus reducing cost stickiness. This study enriches the related research on the correlation relationship of supply chain to cost stickiness. Under the current background of economic transformation and upgrading, choosing the right supplier relationship can effectively deal with the negative impact of environmental uncertainty, reflecting the “alliance effect”.
Highlights
Cost management is an important part of management accounting
This study may have the following contributions: 1) To expand the research perspective on the influencing factors of cost stickiness, enrich the related research on the correlation relationship of supply chain to cost stickiness, and help to enrich the theory of enterprise cost management; 2) The empirical test of the cooperation effect of associated suppliers on enterprises is helpful for managers to correctly deal with supplier relationship and provide new ideas for enterprises in supplier relationship management; 3) Under the background of new environmental uncertainties caused by the current economic transformation, it provides new strategic decisions for enterprises to better cope with the uncertainty of external environment; 4) To provide theoretical basis and data support for China’s state-owned enterprises in further improving cost management
The supplier relationship is not controlled in the column (1) of Table 3, and the coefficient of lnRev * D is significantly negative at the 1% level, which proves that the cost stickiness phenomenon exists in listed manufacturing companies in China
Summary
Cost management is an important part of management accounting. Cost control is a necessary condition for enterprises to improve profitability and sustainable development. This study may have the following contributions: 1) To expand the research perspective on the influencing factors of cost stickiness, enrich the related research on the correlation relationship of supply chain to cost stickiness, and help to enrich the theory of enterprise cost management; 2) The empirical test of the cooperation effect of associated suppliers on enterprises is helpful for managers to correctly deal with supplier relationship and provide new ideas for enterprises in supplier relationship management; 3) Under the background of new environmental uncertainties caused by the current economic transformation, it provides new strategic decisions for enterprises to better cope with the uncertainty of external environment; 4) To provide theoretical basis and data support for China’s state-owned enterprises in further improving cost management
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