我国制造业上市公司费用粘性问题研究

发布时间：2018-05-18 00:23

本文选题：制造业类上市公司 + 费用粘性　；参考：《长安大学》2013年硕士论文

【摘要】：制造业作为国民经济的物质基础，既是国民经济的产业主体，也是国家工业化和现代化建设的骨干，其发展水平是国家综合经济实力、科技实力、国防实力和国际竞争力的重要标志，是国家安全的保障。我国作为一个人口众多，资源相对短缺的社会主义国家，制造业的重要性更是非同一般。对于制造业企业来说，成本管理是其生产经营活动中的重要内容，如何降低成本对制造业企业提高其市场竞争能力以及维持生存、发展都有着十分重要的意义。在降低成本的过程中，成本通常不能随业务量的下降及时做出调整，成本中的费用在业务量下降时的边际减少量要小于业务量上升时的边际增加量，即存在费用粘性。这种现象的存在直接影响了企业的成本管理水平，导致企业市场反应速度变慢，业绩下降，成为我国制造业企业发展的绊脚石，不利于企业提高其竞争力。论文从我国制造类上市公司费用粘性的现状出发，分析了其成因和影响因素，并对2007-2011期间我国制造类上市公司费用粘性的存在程度及影响因素进行了实证研究。研究结果表明：①我国的制造类上市公司存在较大程度的费用粘性；②企业战略选择在一定程度上会对费用粘性产生影响；③外部的宏观经济情况对企业费用粘性的大小影响比较大，宏观经济发展的越快，通货膨胀越严重，企业管理者会加强企业的费用管理，从而在一定程度上会减小企业的费用粘性；④企业内部股权越集中，其公司治理水平也越高，，企业的费用粘性就会越小，反之，企业自由现金流量越大，其管理者的自利行为会随着自由现金流量的增大而变得越严重，从而削弱了企业对费用的管控能力，使得企业产生较大的费用粘性。针对上述研究结果，论文从优化战略选择、优化外部环境和加强内部管理三个方面为企业提出了相关的政策建议。帮助企业提升成本管控能力，降低费用粘性，使得企业能够物尽其用，减少浪费，从而实现降低成本，增强企业竞争力的目的，使我国的制造类上市公司能够长期、持续、高效的发展，为我国的经济发展做出更大的贡献。
[Abstract]:As the material basis of the national economy, the manufacturing industry is not only the main industry of the national economy, but also the backbone of the country's industrialization and modernization. Its development level is the comprehensive economic strength, the scientific and technological strength of the country. The important symbol of national defense strength and international competitiveness is the guarantee of national security. As a socialist country with large population and shortage of resources, the importance of manufacturing industry is even more extraordinary. For manufacturing enterprises, cost management is an important part of their production and management activities. How to reduce costs is of great significance to the manufacturing enterprises to improve their market competitiveness and maintain their survival and development. In the process of reducing the cost, the cost can not be adjusted in time with the decline of the business volume, the marginal reduction of the cost in the cost is smaller than the marginal increase when the volume of business increases, that is, the cost is viscous. The existence of this phenomenon has a direct impact on the level of cost management of enterprises, leading to the slow down of market reaction and the decline of performance, which is a stumbling block to the development of manufacturing enterprises in China, and is not conducive to the improvement of their competitiveness. Starting from the current situation of the cost stickiness of manufacturing listed companies in China, this paper analyzes its causes and influencing factors, and makes an empirical study on the existence degree and influencing factors of the fee stickiness of manufacturing listed companies in China from 2007 to 2011. The results show that the cost stickiness exists in the manufacturing listed companies in China to a certain extent, the strategic choice of enterprises will influence the cost stickiness to a certain extent. (3) the external macroeconomic situation has a great influence on the viscosity of enterprise expenses. The faster the macroeconomic development is, the more serious the inflation will be, and the managers of enterprises will strengthen the cost management of enterprises. Thus, to a certain extent, it will reduce the cost stickiness of the enterprise. The more concentrated the stock right within the enterprise is, the higher the corporate governance level is, and the less the cost stickiness will be, on the contrary, the greater the free cash flow of the enterprise is. The self-interest behavior of its managers will become more serious with the increase of free cash flow, which weakens the enterprise's ability of controlling and controlling expenses and makes the enterprise produce greater cost stickiness. In view of the above research results, the paper puts forward the relevant policy recommendations for the enterprise from three aspects: optimizing the strategic choice, optimizing the external environment and strengthening the internal management. To help enterprises improve their cost control ability, reduce cost stickiness, enable enterprises to make the best use of goods and reduce waste, thus achieving the goal of reducing costs and enhancing the competitiveness of enterprises, so that the manufacturing listed companies in our country can be long-term, sustainable, High-efficiency development, for our country's economic development to make greater contributions.
【学位授予单位】：长安大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F425

【引证文献】