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

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

doi:10.4067/S0718-52862017000100081

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

Department of Economics and Business Finance

Research output: Indexed journal article › Article › peer-review

13 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 contribution	The influence of the trade-off between profitability and future increases in sales on cost stickiness
Original language	Spanish
Pages (from-to)	81-104
Number of pages	24
Journal	Estudios de Economia
Volume	44
Issue number	1
DOIs	https://doi.org/10.4067/S0718-52862017000100081
Publication status	Published - 2017

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AU - Ravenda, Diego

AU - Valencia-Silva, Maika M.

AU - Somoza, Antonio D.

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

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