CEO财务背景丰富度对成本粘性的影响研究
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国家社会科学基金项目(21BGL040)


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    摘要:

    以2012—2021年沪深A股上市公司为研究样本,探讨CEO财务背景丰富度对成本粘性的影响。研究发现,CEO财务背景丰富度对成本粘性有抑制作用,CFO财务执行力在CEO财务背景丰富度对成本粘性的影响关系中具有正向中介作用,环境动态性和环境包容性具有负向调节效应。异质性分析发现,CEO财务背景丰富度对成本粘性的抑制作用在成长期企业中更加显著,但不存在企业规模异质性;CFO财务执行力对中位数以下规模企业和成长期企业的中介作用更加显著;环境动态性和环境包容性对中位数以下规模企业和成长期企业的负向调节效应更加显著。

    Abstract:

    Sampling listed companies in Shanghai and Shenzhen stock markets from 2012 to 2021, this paper discusses how financial background richness of CEO influence cost stickiness. The study finds that financial background richness of CEO has a restraining effect on cost stickiness. CFO's financial execution has a positive intermediary role on the relationship between financial background richness of CEO and cost stickiness. Both environmental dynamics and environmental inclusiveness have a negative moderating effect on the relationship between financial background richness of CEO and cost stickiness. Heterogeneity analysis finds that the financial background richness of CEO has a more significant inhibitory effect on cost stickiness in growth period enterprises, but it does not have firm scale heterogeneity. CFO's financial execution has a more significant intermediary role on below-median size enterprises and growth period enterprises. Both environmental dynamics and environmental inclusiveness have a more significant negative moderating effects on below-median size enterprises and growth period enterprises.

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冯自钦,张梦维,洪 荭. CEO财务背景丰富度对成本粘性的影响研究[J].审计与经济研究,2023,(5):

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  • 在线发布日期: 2023-10-13
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