REVISITING COST STICKINESS: THE CASE OF TURKISH MANUFACTURING FIRMS QUOTED ON İSTANBUL STOCK EXCHANGE

Year 2019, Volume: 12 Issue: 2, 317 - 330, 01.07.2019

Mehmet Emin Karabayır

https://doi.org/10.29067/muvu.512534

Cited By: 4

Abstract

Cost behavior studies revealed that costs increase
more with activity increases than they decrease with activity decreases, i.e.
increases and decreases in costs are asymmetrical. This reveals the opposite of
the thesis that "costs react equally to the increase and decrease in
activity" in the traditional cost approach. This situation is called cost stickiness in the literature. This
study also aims to test whether 116 manufacturing firms trading in İstanbul
Stock Exchange show cost stickiness behavior for 2008-2016 period. For this
purpose, three different models with (1) sales and cost of sales; (2) sales and
marketing, selling and distribution expenses; (3) sales and general
administration expenses were established and tested with panel data analysis.
Results of the analyses revealed that cost stickiness exists for all three
models, supporting previous studies.

Keywords

Cost Stickiness, Cost Behavior, Management Accounting

MALİYET YAPIŞKANLIĞININ YENİDEN GÖZDEN GEÇİRİLMESİ: BORSA İSTANBUL İMALAT SANAYİ ÖRNEĞİ

Abstract

Maliyet
davranışı ile ilgili çalışmalar; maliyetlerde faaliyetler arttıkça meydana
gelen artış ile faaliyetler azaldıkça meydana gelen azalışın aynı oranda
gerçekleşmediğini, yani faaliyetlere bağlı olarak ortaya çıkan maliyet artış ve
azalışlarının asimetrik olduğunu ortaya çıkarmıştır. Literatürde maliyet yapışkanlığı olarak adlandırılan
bu durum, geleneksel maliyet yaklaşımında savunulan “maliyetlerin faaliyet
artışına ve azalışına aynı derecede tepki verdiği” tezinin tersini ortaya
koymaktadır. Bu çalışmada da, Borsa İstanbul’da faaliyet gösteren 116 imalat
firmasının 2008-2016 dönemi yıllık verilerinin maliyet yapışkanlığı davranışı
gösterip göstermediği test edilmiştir.  Bu
amaçla; satışlar ile satışların maliyeti, satışlar ile pazarlama satış ve
dağıtım giderleri ve satışlar ile genel yönetim giderleri dâhil edilmek
suretiyle üç farklı model kurulmuş ve panel veri analizi ile test edilmiştir.
Yapılan analizler sonucunda, her üç modele göre de maliyet yapışkanlığının
varlığı tespit edilmiştir. Bu durum önceki çalışmaları destekler niteliktedir.

Keywords

Maliyet Yapışkanlığı, Maliyet Davranışı, Yönetim Muhasebesi

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