Publication: La histéresis de los costes en la empresa española. Un análisis empírico
Authors
Monterrey Mayoral, Juan ; Rabazo Martín, Aurora
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Publisher
Universidad de Murcia, Servicio de Publicaciones
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DOI
https://doi.org/10.6018/rcsar.475891
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info:eu-repo/semantics/article
Description
Abstract
Nuestro trabajo tiene como finalidad llevar a cabo un análisis empírico de la histéresis de los costes en las empresas españolas. Tomando una amplia muestra representativa de compañías españolas no cotizadas para el periodo comprendido entre 2009 y 2019, hemos obtenido evidencia de la existencia de su comportamiento asimétrico, de manera que ante contracciones de la actividad, la reducción de operada en los costes es menor que el aumento que se produce cuando la actividad se incrementa, al quedar adheridos o retenidos. No obstante, esta conducta asimétrica no se da en todos los tipos de coste, se manifiesta en muy diversos grados y no parece apreciarse en determinados sectores económicos. Los resultados que hemos documentado son robustos y representan un avance en el conocimiento de la estructura de costes en las empresas españolas.
This paper presents the results of an empirical analysis of cost hysteresis in Spanish companies. Based on a wide sample of non-listed Spanish firms for the period 2009-2019, he obtained evidence on the existence of an asymmetric behaviour of costs. In the presence of decreases in activity, the reduction experienced by costs is less than proportional, as they appear to remain stuck or retained. However, this asymmetric behaviour, also called sticky behaviour, is not present in all types of cost, shows significantly different degrees and does not appear to exist in certain industries. Our results are robust and represent acontribution to our current knowledge on the cost structure of Spanish companies.
This paper presents the results of an empirical analysis of cost hysteresis in Spanish companies. Based on a wide sample of non-listed Spanish firms for the period 2009-2019, he obtained evidence on the existence of an asymmetric behaviour of costs. In the presence of decreases in activity, the reduction experienced by costs is less than proportional, as they appear to remain stuck or retained. However, this asymmetric behaviour, also called sticky behaviour, is not present in all types of cost, shows significantly different degrees and does not appear to exist in certain industries. Our results are robust and represent acontribution to our current knowledge on the cost structure of Spanish companies.
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Citation
Revista de Contabilidad - Spanish Accounting Review, V. 27, N. 1, 2024
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