代理问题对费用粘性影响的实证研究.pdfVIP

代理问题对费用粘性影响的实证研究 素质的培育、优化薪酬激励和内部控制制度、完善公司治理机制三个方面提出建议， 弱化管理层与股东之间的代理问题，更好的对公司费用进行管理，提高公司的效益。 本文的贡献主要有两点：（1）基于不同的费用类别来研究代理问题对费用粘性 的影响，通过实证研究得出代理问题对费用粘性的影响主要体现在管理费用粘性上， 对销售费用粘性的影响不显著；（2 ）在代理问题衡量指标的选取方面，本文选取了 自由现金流量、高管变动的当年和下一年、高管货币性薪酬和高管薪酬结构作为代 理问题替代变量进行实证研究。 关键词：代理问题；费用粘性；管理层自利；高管薪酬 ii Abstract Abstract In recent years, cost stickiness is one of the focus areas of management accounting, this concept has shaken the cost of traditional accounting theory in the basic position of Management Accounting, which attracted the attention of scholars. The asymmetry is when the sales decline, the decrease of cost is less than the increase of cost at the same volume. That is to say the change of cost is not only related to the sales, but also associated with changes in sales direction. Cost stickiness is a modification of the cost of traditional accounting theory, understanding the true relationship and factors between sales and costs can provide a basis for evaluating the companys resource allocation and cost management efficiency, and help the company build a better cost planning and control systems to help owners to control the management of self-interest motives through cost stickiness, making the companys decision-making is more conducive to shareholder value. Scholars’ research at home and abroad on the influence factors of cost stickiness mainly focused on the asset-intensive, labor-intensive, ROE and other economic factors, as well as uncertainty of future demand. Research on the influence of agency problem on cost stickiness is very little. Agency problems in the management of the company, main