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| Title: | 經理人能力與成本僵固性之關聯
The Association Between Managerial Ability and Cost Stickiness |
| Authors: | 莊雅婷
Chuang, Ya-Ting |
| Contributors: | 潘健民
莊雅婷
Chuang, Ya-Ting |
| Keywords: | 經理人能力
成本僵固性
Managerial ability
Cost stickiness |
| Date: | 2021 |
| Issue Date: | 2021-08-04 14:32:12 (UTC+8) |
| Abstract: | 本研究旨在探討經理人能力是否與成本僵固性有所關聯。成本僵固性為銷貨收入減少時成本下降的幅度小於銷貨收入增加時成本上升的幅度之現象，一般認為此現象源於決策者面臨需求下降時，選擇等待資訊而暫緩削減成本。本研究以2005年至2019年東京證券交易所的上市公司為研究對象，探討經理人能力與成本僵固性之關聯。
本研究以Demerjian et al. (2012)之研究衡量經理人能力，並參考Anderson et al. (2003)的模型衡量成本僵固性。實證結果發現，經理人能力越佳，企業產生成本僵固性的現象越明顯。
This paper investigates whether managerial ability affects cost stickiness. Cost stickiness occurs when costs increase with sales increase but do not decrease in proportion to the decrease in sales, i.e., asymmetrical decrease in costs, a result from managers delay cost reduction until more information is available. Using data from firms listed in the Tokyo Stock Exchange from 2005 to 2019, this paper investigates the association between managerial ability and cost stickiness.
Follow Demerjian et al. (2012) and Anderson et al. (2003), this paper finds that competent managers will engage in stronger degree of cost stickiness. |
| Reference: | Anderson, M., R. Banker, and S. Janakiraman. 2003. Are selling, general, and administrative costs “sticky”? Journal of Accounting Research 41 (1): 47-63.
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Dierynck, B., W. Landsman, and A. Renders. 2012. Do managerial incentives drive cost behavior? Evidence about the role of the zero earnings benchmark for labor cost behavior in private Belgian firms. Accounting Review 87 (4):1219-1246.
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Rajgopal, S., T. Shevlin, and V. Zamora. 2006. CEOs` Outside employment opportunities and the lack of relative performance evaluation in compensation contracts. Journal of Finance 61 (4): 1813-1844. |
| Description: | 碩士
國立政治大學
會計學系
108353041 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0108353041 |
| Data Type: | thesis |
| DOI: | 10.6814/NCCU202100669 |
| Appears in Collections: | [會計學系] 學位論文
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| 304101.pdf | | 1796Kb | Adobe PDF2 | 12 | View/Open |
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