Cost stickiness, corporate risk and management shareholding

Normally, the cost stickiness in enterprises further reduces efficiency of asset allocation and accuracy earnings decision, thus aggravating risk taking. This paper takes Chinese A-share listed companies from 2009 to 2019 as samples empirically test impact on enterprise moderating effect long-term incentive mechanism this impact. The results show that increases corporate significantly. Management shareholding aggravates risk. After analysis, it is found significantly investment risk, meanwhile, anti-stickiness also management anti-stickiness. study expands research economic consequences stickiness, provides new ideas for control level restrain degree stickiness.