Year 2019, Volume , Issue 22, Pages 123 - 134 2019-01-01

EFFECT OF DEMAND UNCERTAINTY ON COST STRUCTURE OF TURKISH MANUFACTURING FIRMS
EFFECT OF DEMAND UNCERTAINTY ON COST STRUCTURE OF TURKISH MANUFACTURING FIRMS

Hakan ÖZKAYA [1] , Umut UYAR [2]

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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.  

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.
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Primary Language en
Subjects Social
Journal Section Articles
Authors

Orcid: 0000-0001-7810-5943
Author: Hakan ÖZKAYA
Institution: DOKUZ EYLÜL ÜNİVERSİTESİ
Country: Turkey


Orcid: 0000-0001-6217-8283
Author: Umut UYAR (Primary Author)
Institution: PAMUKKALE ÜNİVERSİTESİ
Country: Turkey


Bibtex @research article { ulikidince453216, journal = {Uluslararası İktisadi ve İdari İncelemeler Dergisi}, issn = {1307-9832}, eissn = {1307-9859}, address = {Kenan ÇELİK}, year = {2019}, volume = {}, pages = {123 - 134}, doi = {10.18092/ulikidince.453216}, title = {EFFECT OF DEMAND UNCERTAINTY ON COST STRUCTURE OF TURKISH MANUFACTURING FIRMS}, key = {cite}, author = {ÖZKAYA, Hakan and UYAR, Umut} }
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. DOI: 10.18092/ulikidince.453216
MLA ÖZKAYA, H , UYAR, U . "EFFECT OF DEMAND UNCERTAINTY ON COST STRUCTURE OF TURKISH MANUFACTURING FIRMS". Uluslararası İktisadi ve İdari İncelemeler Dergisi (2019): 123-134 <http://dergipark.org.tr/ulikidince/issue/38199/453216>
Chicago ÖZKAYA, H , UYAR, U . "EFFECT OF DEMAND UNCERTAINTY ON COST STRUCTURE OF TURKISH MANUFACTURING FIRMS". Uluslararası İktisadi ve İdari İncelemeler Dergisi (2019): 123-134
RIS TY - JOUR T1 - EFFECT OF DEMAND UNCERTAINTY ON COST STRUCTURE OF TURKISH MANUFACTURING FIRMS AU - Hakan ÖZKAYA , Umut UYAR Y1 - 2019 PY - 2019 N1 - doi: 10.18092/ulikidince.453216 DO - 10.18092/ulikidince.453216 T2 - Uluslararası İktisadi ve İdari İncelemeler Dergisi JF - Journal JO - JOR SP - 123 EP - 134 VL - IS - 22 SN - 1307-9832-1307-9859 M3 - doi: 10.18092/ulikidince.453216 UR - https://doi.org/10.18092/ulikidince.453216 Y2 - 2018 ER -
EndNote %0 International Journal of Economics and Administrative Studies EFFECT OF DEMAND UNCERTAINTY ON COST STRUCTURE OF TURKISH MANUFACTURING FIRMS %A Hakan ÖZKAYA , Umut UYAR %T EFFECT OF DEMAND UNCERTAINTY ON COST STRUCTURE OF TURKISH MANUFACTURING FIRMS %D 2019 %J Uluslararası İktisadi ve İdari İncelemeler Dergisi %P 1307-9832-1307-9859 %V %N 22 %R doi: 10.18092/ulikidince.453216 %U 10.18092/ulikidince.453216
ISNAD ÖZKAYA, Hakan , UYAR, Umut . "EFFECT OF DEMAND UNCERTAINTY ON COST STRUCTURE OF TURKISH MANUFACTURING FIRMS". Uluslararası İktisadi ve İdari İncelemeler Dergisi / 22 (January 2019): 123-134. https://doi.org/10.18092/ulikidince.453216