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文章运用2007-2011年我国A股主板上市公司数据,首次结合我国企业负责人绩效考核制度从心理学角度实证检验了管理者过度自信对公司成本费用管理决策的影响。研究结果表明,管理者过度自信使得其对自己的成本控制行为及其将来与供应商谈判的能力给予过高的预期,以及为避免收入下降带来的盈余下滑,公司管理者倾向于削减费用开支,进而使得我国管理者过度自信程度和公司成本费用粘性呈现负相关关系。较之非国有控股上市公司而言,国有控股上市公司负责人的薪酬、职务升迁在更大程度上取决于公司经营业绩,这使得国有控股上市公司管理者过度自信程度与成本费用粘性度的负相关关系更为显著。文章研究深化了成本费用粘性的心理学视角解说,弥补国内费用粘性相关研究的不足,丰富了管理者过度自信学术文献,并有助于客观评价企业负责人绩效考核制度的成败。
Abstract：Using the data of A-share listed companies from 2007-2011 in China,we first study the relationship between the managerial overconfidence and costs stickiness from the psychological point based on the performance appraisal system in China. The empirical results show the managerial overconfidence is significantly negative with the firms' costs stickiness,which attributed to the overconfidence on their own cost-control behavior and its negotiate ability,and the cost-reduction behavior. The further studies show the negative relation is more significant in the state-owned listed companies owing to the closer relation between the remuneration, Promotion and the performance in the state-listed companies. This paper deepens the motivation explanation of the costs stickiness based on psychological perspective,enriches the academic research on costs stickiness &managerial overconfidence,and contributes to evaluating the effect of the performance appraisal system in China.
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基本信息:
DOI：10.14134/j.cnki.cn33-1336/f.2014.03.002
中图分类号:B84-05;F832.51;F275;F224
引用信息:
[1]刘嫦,杨兴全,李立新.绩效考核、管理者过度自信与成本费用粘性[J].商业经济与管理,2014,No.269(03):78-87.DOI:10.14134/j.cnki.cn33-1336/f.2014.03.002.
基金信息:
教育部人文社会科学研究项目(12XJJA79000211); 石河子大学公司治理与管理创新研究中心项目(XJEDU020112C04,XJEDU020213B01); 福建新华都慈善基金会资助
2014-03-15
2014-03-15