The dynamics of firm competitiveness: Evidence from cost behavior of Filipino firms

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Document Type

Article

Source Title

Academy of Accounting and Financial Studies Journal

Volume

18

Issue

4

First Page

84

Last Page

94

Publication Date

1-1-2014

Abstract

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 show another dimension to cost behavior pattern, called "sticky cost", which explain how firms are able to adjust their resources with changes in activity-levels due to either temporary market fluctuations or a more permanent demand shift. Using panel data analysis, this study analyzed and confirmed asymmetrical cost behavior of Philippine firms. When compared with other countries, the results provide an indication why they are less competitive.

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Disciplines

Accounting | Business Administration, Management, and Operations

Keywords

Competition; Business enterprises—Cost of operation

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