FINANCING CONSTRAINTS, INTERNAL CONTROL QUALITY AND COST STICKINESS

doi:10.3846/jbem.2021.14878

CORC > 兰州理工大学 > 兰州理工大学

	FINANCING CONSTRAINTS, INTERNAL CONTROL QUALITY AND COST STICKINESS
	Chen, Yufeng 1,2; Ma, Yanbai 3
刊名	JOURNAL OF BUSINESS ECONOMICS AND MANAGEMENT
	2021
卷号	22 期号:5 页码:1231-1251
关键词	financing constraints financing sources cost stickiness adjustment cost cost management asymmetric cost behavior internal control quality
ISSN号	1611-1699
DOI	10.3846/jbem.2021.14878
英文摘要	Managers think that retaining resources is more effective than rebuilding resources after exhausting them. However, financing constraints have brought great uncertainty to this resource decision-making implemented by managers. Data of manufacturing listed firms in China from 2009 to 2017 are used here to explore the impact of financing constraints on cost stickiness. This paper finds that internal financing constraints have a significant promoting effect on cost stickiness, while debt financing constraints and equity financing constraints have a significant restraining effect on cost stickiness. The internal control quality has a moderation effect on this relationship. In a firm with low quality of internal control, internal financing constraints can enhance cost stickiness, but the weakening effect of external financing on cost stickiness is not affected by internal control quality.
WOS研究方向	Business & Economics
语种	英语
出版者	VILNIUS GEDIMINAS TECH UNIV
WOS记录号	WOS:000691210600006
内容类型	期刊论文
源URL	[http://ir.lut.edu.cn/handle/2XXMBERH/148963]
专题	兰州理工大学
作者单位	1.Zhejiang Gongshang Univ, Ctr Modern Business, Sch Econ, Tailong Finance Sch, 18 Xuezheng St, Hangzhou 310018, Zhejiang, Peoples R China; 2.Capital Univ Econ & Business, Coll Business Adm, 121 Zhangjia Intersect, Beijing 100070, Peoples R China; 3.Lanzhou Univ Technol, Sch Econ & Management, 287 Langongping Rd, Lanzhou 730050, Gansu, Peoples R China
推荐引用方式 GB/T 7714	Chen, Yufeng,Ma, Yanbai. FINANCING CONSTRAINTS, INTERNAL CONTROL QUALITY AND COST STICKINESS[J]. JOURNAL OF BUSINESS ECONOMICS AND MANAGEMENT,2021,22(5):1231-1251.
APA	Chen, Yufeng,&Ma, Yanbai.(2021).FINANCING CONSTRAINTS, INTERNAL CONTROL QUALITY AND COST STICKINESS.JOURNAL OF BUSINESS ECONOMICS AND MANAGEMENT,22(5),1231-1251.
MLA	Chen, Yufeng,et al."FINANCING CONSTRAINTS, INTERNAL CONTROL QUALITY AND COST STICKINESS".JOURNAL OF BUSINESS ECONOMICS AND MANAGEMENT 22.5(2021):1231-1251.