The temporal impact of cost stickiness on firm value: An empirical study on companies listed in the Egyptian stock exchange

نوع المستند : تجاریة کل ما یتعلق بالعلوم التجاریة

المؤلفون

1 كلية التجارة

2 مدرس محاسبة كلية تجارة جامعة الزقازيق

المستخلص

This study aims to investigate the impact of cost stickiness on firm value and

whether this impact differs between the short-term and the long-term and across

different cost categories. The study uses a sample of 99 firms from 2014- 2019

with 577 firm-year observations (87 observations for SG&A, 251 for COGS, and

239 for operating cost). Tobin's Q is used to measure firm value, while the cost

stickiness is measured following the measurement of Weiss (2010). The findings

indicate an impact of cost stickiness on firm value. This impact differs over the

period (long-term versus short-term) and across different cost categories

depending on whether the cost categories are related to the production process.

SG&A cost stickiness has a negative impact in the short-term and has no

significant impact in the long-term, while COGS stickiness has a positive impact

in both the short and the long-term. Also, the operating cost stickiness has no

significant short and long-term impact.

الكلمات الرئيسية

الموضوعات الرئيسية

ملفات

شارك

إرسال الاستشهاد إلى

الإحصائيات