产权异质下内部控制质量对企业费用粘性的影响研究

Research on the Influence of Internal Control Quality on Enterprise Cost Stickiness under Heterogeneous Property Rights

摘要: 本文选取沪深两市2016~2020年所有A股上市公司为样本，通过实证研究分析内部控制质量与企业费用粘性的内在联系，由于我国特有的经济制度环境，本文引进产权性质并进一步分析产权在内部控制与企业费用粘性之间的所扮演的角色，深层次地剖析在不同产权性质下的内部控制质量对费用粘性的影响。实证分析结果发现：内部控制质量与费用粘性呈负相关关系，内部控制质量越高越能使管理层的决策与行为透明化，增强企业的风险应对能力，企业的资源配置更加优化合理，有效规避资源浪费决策的产生，从而达到抑制费用粘性的目的；而内部控制的抑制作用在国有企业中表现更为突出。本文不仅验证了内部控制在企业管理中的重要性，而且为不同产权性质的企业在成本管理方面提供一定的建议。

Abstract: This paper selects A-share manufacturing listed companies in Shanghai and Shenzhen from 2016 to 2020 as samples, studies the relationship between the quality of internal control and enterprise cost stickiness through empirical analysis, and due to the unique economic system environment of our country, further tests the moderating effect of property rights on the relationship between the two, so as to further explore whether there are great differences between the quality of internal control and cost stickiness under different property rights. The results show that: there is a signifi-cant negative correlation between the quality of internal control and cost stickiness. The higher the quality of internal control is, the better it can supervise and restrain the motivation and opportuni-ty of earnings management, and improve the ability of enterprises to deal with risks so that man-agers can invest resources according to the actual situation, thus effectively restraining the cost stickiness. This situation is more prominent in state-owned enterprises. This study not only verifies the importance of internal control in enterprise management, but also provides some suggestions for enterprises with different property rights.