产权异质性视角下经济政策不确定性对成本粘性的影响

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英文篇名：Effects of Economic Policy Uncertainty on Cost Stickiness From the Perspective of Property Rights Heterogeneity 作者：杨位留 ; 杨金磊 英文作者：YANG Wei-liu;YANG Jin-lei;Department of Economics and Management, Zaozhuang University; 关键词：经济政策不确定 ; 产权性质 ; 成本粘性 英文关键词：economic policy uncertainty;;nature of property rights;;cost stickiness 中文刊名：NCXB 英文刊名：Journal of Finance and Economics Theory 机构：枣庄学院经济与管理学院; 出版日期：2019-04-15 出版单位：财经理论研究 年：2019 期：No.187 基金：山东省软科学研究计划项目(2018RKB01130);; 枣庄社科联应用研究课题(LX2018021) 语种：中文; 页：NCXB201902005 页数：8 CN：02 ISSN：15-1366/F 分类号：36-43

摘要

经济政策是推动转型期中国经济发展的重要手段,本文基于2011—2016年中国经济政策不确定性指数(EPU),以沪深A股上市公司为样本,研究经济政策不确定性对上市公司成本粘性行为的影响。研究结论表明,经济政策不确定性会对公司的成本粘性产生显著影响,经济政策的不确定性越大,公司的成本粘性越小。以产权性质分组进一步研究发现,经济政策不确定性对国有上市公司成本粘性的影响程度弱于民营上市公司。本文的结果为研究经济政策不确定性带来的经济后果,探究经济政策不确定环境下企业成本管理行为提供参考。
        Economic policy is an important means to promote China's economic development during the transition period. Based on China's Economic Policy Uncertainty Index(EPU) from 2011 to 2016, this paper uses Shanghai and Shenzhen A-share listed companies as samples to study the relationship between economic policy uncertainty and cost stickiness. The conclusion shows that economic policy uncertainty is significantly positively correlated with cost stickiness, and the uncertainty economic policy increases cost stickiness. Further research found that the uncertainty of economic policy has less influence on cost stickiness in state-owned listed companies than private listed companies. The results of this paper provide a reference for studying the economic consequences of uncertainty economic policy and exploring the enterprise cost management behavior under the uncertainty economic policy.

引文

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