Research on the Impact of Seniority on the Cost Stickiness in State-Owned Enterprises
ZHAN Meisong，HUANG Linlin，KANG Jun，GAO Jun
1. Huazhong University of Science and Technology, Wuhan, China; 2. Zhongnan University of Economics and Law, Wuhan, China; 3. Shanghai Business School, Shanghai, China
Abstract Based on the sociocultural perspective, this paper analyses the effect of the phenomenon arranged in order of seniority on the cost stickiness in state-owned manufacturing companies. Taking the state-owned listed manufacturing industry from 2004 to 2018 as the sample, this study indicates the phenomenon arranged in order of seniority strengthens the problem of cost stickiness in state-owned enterprises, which makes cost reductions when the revenue declines are less than cost increases when the revenue rises. Furthermore, state-owned enterprises directly under the central government, the auditors come from the four major international accounting firms, under lower separating extent of ownership and controlling right and bigger internal control index, the effect of the phenomenon that arranged in order of seniority on the cost stickiness is greatly weakened; Meanwhile, this study shows that the effect is strengthened in the state-owned manufacturing companies with a smaller number of analysts and less attention from research reports.
ZHAN Meisong,HUANG Linlin,KANG Jun等. Research on the Impact of Seniority on the Cost Stickiness in State-Owned Enterprises[J]. Chinese Journal of Management, 2022, 19(4): 595-.
