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Article

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2017-06

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Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/119446

The influence of the trade-off between profitability and future increases in sales on cost stickiness

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https://doi.org/10.4067/S0718-52862017000100081

Abstract

This study analyses cost stickiness under the dilemma between current profitability and future sales increase. When activity decreases firms are faced to keep profitability adjusting resources, while they should also consider long term consequences and keep slack resources which allow building firms capacities to adapt to external challenges and take advantage of future opportunities. We find empirical evidence that changes in current firm profitability and one year ahead sales increase significantly influence resource adjustment in periods when sales decrease. We find a significant moderating effect of changes in profitability, as well as a significant stressing effect of one year ahead sales increase, on cost stickiness.

Subject

Rendibilitat, Anàlisi financera

Subject (English)

Rate of return, Investment analysis

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Articles publicats en revistes (Empresa)

Citation

ARGILÉS BOSCH, Josep M., et al. The influence of the trade-off between profitability and future increases in sales on cost stickiness. Estudios de Economia. 2017. Vol. 44, num. 1, pags. 81-104. ISSN 0304-2758. [consulted: 15 of August of 2026]. Available at: https://hdl.handle.net/2445/119446

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