Cost stickiness is an important economic phenomenon and an important factor that affects the business performance. Based on the classical Change Model of Anderson et al . (2003), this study analyzes and examines the impact of equity nature and the opportunism incentives from the management on the cost stickiness of listed companies in China. One of the features of this study is that it analyzes the influence of opportunism incentives on cost stickiness from the perspective of equity nature. According to the research results, the phenomenon of cost stickiness exists in most of the listed companies and the existence of opportunism incentives intensifies the cost stickiness behavior. Meanwhile, compared with the non-state-owned listed companies, the cost stickiness behaviors that happened in the state-owned companies are more serious, and thus are more likely to be influenced by the opportunism incentives.
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