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EFFECT OF DEMAND UNCERTAINTY ON COST STRUCTURE OF TURKISH MANUFACTURING FIRMS

Yıl 2019, Sayı: 22, 123 - 134, 01.01.2019
https://doi.org/10.18092/ulikidince.453216

Öz

Maliyet katılığı işletmelerin sabit maliyetlerinin değişken maliyetlerine oranı olarak tanımlanan maliyet yapısının özelliğini betimlemektedir. İşletmelerin sabit maliyetlerinin oranının, değişken maliyetlerinden daha yüksek olması durumunda katı bir maliyet yapısından söz edilir. Bu çalışmada, Türkiye’de 1995-2014 döneminde faaliyet gösteren halka açık imalat firmalarının, faaliyet giderlerinin yapısı “maliyet katılığı” kavramı açısından incelenmektedir. Analizlerde net satışların standart sapması ile hesaplanan talep belirsizliğinin, faaliyet giderlerinin maliyet yapısı üzerine olan etkisi de ayrıca test edilmiştir. Analiz sonuçlarına göre maliyet yapısı içerisinde sabit maliyetlerin oranının artmasının ya da daha katı maliyet yapısının, imalat firmaları için daha fazla talep belirsizliği kaynaklı olduğu tespit edilmiştir. Bu sonuç, firmaların belirsizliklerle karşı karşıya kaldıkları durumda sabit maliyetlerini düşürme eğiliminde olduklarını ifade eden genel teorik beklentiyle çelişmektedir.

Kaynakça

  • Abdulhamied, A. A., and Abulezz, M. E. (2012). An empirical investigation of the effect of cost structure and demand uncertainty on SA&G cost stickiness. Islamic Business Researches Center.
  • Anderson, M. C., Banker, R. D. and Janakiraman, S. N. (2003). Are selling, general, and administrative costs ‘‘sticky’’? Journal of Accounting Research, 41 (1), 47–63.
  • Balakrishnan, R., and Gruca. T. (2008). Cost stickiness and core competency: A note. Contemporary Accounting Research, 25 (4), 993–1006.
  • Banker, R., and Byzalov. D. (2014). Asymmetric cost behavior. Journal of Management Accounting Research, 26 (2), 43-79.
  • Banker, R. D., Byzalov, D. and Plehn-Dujowich, J. M. (2014). Demand uncertainty and cost behavior. The Accounting Review, 89 (3), 839–865.
  • Calleja, K., Steliaros, M. and Thomas, D. C. (2006). A note on cost stickiness: Some international comparisons. Management Accounting Research, 17(2), 127-140.
  • Holzhacker, M., Krıshnan, R. and Mahlendorf, M. D. (2015). Unraveling the black box of cost behavior: An empirical investigation of risk drivers, managerial resource procurement, and cost elasticity. The Accounting Review, 90(6), 2305-2335.
  • Horngren, C. T., Datar, S. M. and Rajan, M. V. (2012). Cost Accounting: A Managerial Emphasis (14th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.
  • Kallapur, S. and Eldenburg, L. (2005). Uncertainty, real options, and cost behavior: Evidence from Washington State hospitals. Journal of Accounting Research, 43 (5), 735–752.
  • Noreen, E., and Soderstrom, N. (1994). Are overhead costs strictly proportional to activity? Evidence from hospital departments. Journal of Accounting and Economics, 17 (1), 255–278.
  • Noreen, E., and Soderstrom, N. (1997). The accuracy of proportional cost models: Evidence from hospital service departments. Review of Accounting Studies 2 (1), 89–114.

EFFECT OF DEMAND UNCERTAINTY ON COST STRUCTURE OF TURKISH MANUFACTURING FIRMS

Yıl 2019, Sayı: 22, 123 - 134, 01.01.2019
https://doi.org/10.18092/ulikidince.453216

Öz

Cost rigidity defines the characteristics of cost structure which is defined as the proportion of fixed costs to variable costs of firms. When the proportion of fixed costs are higher than the variable costs, then the cost structure is defined as a rigid cost structure. The structure of operating costs of Turkish manufacturing firms between years 1995 and 2014 is tested in terms of their “rigidity” in this paper. Moreover, the effect of demand uncertainty, as measured by the standard deviation of net sales, on the cost structure of operating costs is also tested. Findings support that higher levels of demand uncertainty are associated with higher portions of fixed costs in the cost structure (i.e., more rigid cost structure). That result contradicts the common wisdom that firms tend to lower the fixed costs in their cost structure as they are confronted with uncertainty.  

Kaynakça

  • Abdulhamied, A. A., and Abulezz, M. E. (2012). An empirical investigation of the effect of cost structure and demand uncertainty on SA&G cost stickiness. Islamic Business Researches Center.
  • Anderson, M. C., Banker, R. D. and Janakiraman, S. N. (2003). Are selling, general, and administrative costs ‘‘sticky’’? Journal of Accounting Research, 41 (1), 47–63.
  • Balakrishnan, R., and Gruca. T. (2008). Cost stickiness and core competency: A note. Contemporary Accounting Research, 25 (4), 993–1006.
  • Banker, R., and Byzalov. D. (2014). Asymmetric cost behavior. Journal of Management Accounting Research, 26 (2), 43-79.
  • Banker, R. D., Byzalov, D. and Plehn-Dujowich, J. M. (2014). Demand uncertainty and cost behavior. The Accounting Review, 89 (3), 839–865.
  • Calleja, K., Steliaros, M. and Thomas, D. C. (2006). A note on cost stickiness: Some international comparisons. Management Accounting Research, 17(2), 127-140.
  • Holzhacker, M., Krıshnan, R. and Mahlendorf, M. D. (2015). Unraveling the black box of cost behavior: An empirical investigation of risk drivers, managerial resource procurement, and cost elasticity. The Accounting Review, 90(6), 2305-2335.
  • Horngren, C. T., Datar, S. M. and Rajan, M. V. (2012). Cost Accounting: A Managerial Emphasis (14th ed.). Upper Saddle River, NJ: Pearson/Prentice Hall.
  • Kallapur, S. and Eldenburg, L. (2005). Uncertainty, real options, and cost behavior: Evidence from Washington State hospitals. Journal of Accounting Research, 43 (5), 735–752.
  • Noreen, E., and Soderstrom, N. (1994). Are overhead costs strictly proportional to activity? Evidence from hospital departments. Journal of Accounting and Economics, 17 (1), 255–278.
  • Noreen, E., and Soderstrom, N. (1997). The accuracy of proportional cost models: Evidence from hospital service departments. Review of Accounting Studies 2 (1), 89–114.
Toplam 11 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Bölüm MAKALELER
Yazarlar

Hakan Özkaya 0000-0001-7810-5943

Umut Uyar 0000-0001-6217-8283

Yayımlanma Tarihi 1 Ocak 2019
Yayımlandığı Sayı Yıl 2019 Sayı: 22

Kaynak Göster

APA Özkaya, H., & Uyar, U. (2019). EFFECT OF DEMAND UNCERTAINTY ON COST STRUCTURE OF TURKISH MANUFACTURING FIRMS. Uluslararası İktisadi Ve İdari İncelemeler Dergisi(22), 123-134. https://doi.org/10.18092/ulikidince.453216


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