成本粘性对国有企业价值的影响研究——基于独立董事网络中心度视角
Research on the Impact of Cost Stickiness on the Value of State-Owned Enterprises—From the Perspective of Network Centrality of Independent Directors

本文选取2010~2019年沪深A股国有企业探讨成本粘性、独立董事网络中心度与企业价值的关系，研究发现：成本粘性与企业价值显著负相关，当独立董事网络中心度较高时，成本粘性对企业价值的抑制作用会减弱。因此国有企业可以通过聘用具有丰富专业知识背景及声誉高的独立董事来为企业出谋划策，从而降低成本粘性对企业价值带来的负面影响。
This paper selects A-share state-owned enterprises in Shanghai and Shenzhen from 2010 to 2019 to explore the relationship between cost stickiness, network centrality of independent directors and enterprise value. The study finds that cost stickiness is significantly negatively correlated with en-terprise value. When the network centrality of independent directors is high, the inhibitory effect of cost stickiness on enterprise value will be weakened. Therefore, state-owned enterprises can hire independent directors with rich professional knowledge background and high reputation to give advice to enterprises, so as to reduce the negative impact of cost stickiness on enterprise value.