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| Format: | Artículo científico |
| Language: | en |
| Published: |
Universidad de Chile
2017
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| Online Access: | https://www.redalyc.org/articulo.oa?id=22152910004 |
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Table of Contents:
- The influence of the trade-off between profitability and future increases in sales on cost stickiness Josep Mª Argilés-Bosch Josep García-Blandón Diego Ravenda Maika M. Valencia-Silva Antonio D. Somoza Economía y Finanzas slack profitability Cost stickiness increases in sales resource adjustment 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. 2017 artículo científico 0304-2758 https://www.redalyc.org/articulo.oa?id=22152910004 en http://www.redalyc.org/revista.oa?id=221 Estudios de Economía application/pdf Universidad de Chile Estudios de Economía (Chile) Num.1 Vol.44