La influencia del dilema entre rentabilidad inmediata y crecimiento futuro de las ventas en la histéresis de los costes

Translated title of the contribution: The influence of the trade-off between profitability and future increases in sales on cost stickiness

Josep Ma Argilés-Bosch, Josep García-Blandón, Diego Ravenda, Maika M. Valencia-Silva, Antonio D. Somoza

Research output: Indexed journal article Articlepeer-review

10 Citations (Scopus)

Abstract

This study analyses cost stickiness under the dilemma between current profitability and future sales increase. When activity decreases firms are faced to keep profitability adjusting resources, while they should also consider long term consequences and keep slack resources which allow building firms capacities to adapt to external challenges and take advantage of future opportunities. We find empirical evidence that changes in current firm profitability and one year ahead sales increase significantly influence resource adjustment in periods when sales decrease. We find a significant moderating effect of changes in profitability, as well as a significant stressing effect of one year ahead sales increase, on cost stickiness.

Translated title of the contributionThe influence of the trade-off between profitability and future increases in sales on cost stickiness
Original languageSpanish
Pages (from-to)81-104
Number of pages24
JournalEstudios de Economia
Volume44
Issue number1
DOIs
Publication statusPublished - 2017

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