Date of Publication

3-2011

Document Type

Dissertation

Degree Name

Doctor of Philosophy in Business

Subject Categories

Business

College

Ramon V. Del Rosario College of Business

Department/Unit

Business Management

Thesis Adviser

Lawrence B. Dacuycuy

Defense Panel Chair

Brian Gozun

Defense Panel Member

Tereso S. Tullao, Jr.
Ma. Andrea L. Santiago

Abstract/Summary

The challenges of our modern times require firms to be competitive for long-term survival. Competitive advantage is not only measured by the revenues (top-line) and profits (bottom-line) but also by how firms operate efficiently (costs). Recent studies on cost behavior find that costs behave asymmetrically with changes in activity levels. This sticky cost behavior challenges traditional cost model which assumes that cost behavior is symmetric for both activity increases and decreases. Using panel data analysis, we find that discretionary costs are sticky in response to changes in revenues among listed Philippine firms. However, we note that cost stickiness disappears when a more complete adjustment cycle is considered and when companies experience successive decline in activity level. Firm-specific and industry-specific characteristics also influence the degree of cost stickiness. Keywords: Cost stickiness, Cost behavior.

Abstract Format

html

Language

English

Format

Electronic

Electronic File Format

MS WORD

Accession Number

CDTG004970

Shelf Location

Archives, The Learning Commons, 12F Henry Sy Sr. Hall

Physical Description

1 computer optical disc. ; 4 3/4 in.

Keywords

Business enterprises--Philippines

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