The Empirical Study of Relationship between the obsolescence assets and Asymmetric Cost Behavior

다국어 초록 (Multilingual Abstract)

This study analyzes the effects of the obsolescence assets on the asymmetry of costs. Cost asymmetry refers to a lower percentage of costs when sales fall than increases in costs when sales increase. the obsolescence asset induces various decisions, including high maintenance costs and management improvements and replacement of facilities. This study is to analyze the cost behavior according to those decisions. The analysis showed that the higher the obsolescence of assets rate, we found cost elasticity, with a greater reduction in costs when sales decrease than the increase in costs when sales increase. Second, the lower the cost will not appear as the obsolescence of assets rate increases in case that the concentration of an item of property, plant and equipment is high, and when sales decrease. The above result means that the obsolescence of assets rate acts as operating risk and thus operates resources flexibly according to changes in sales, but when the concentration of property, plant and equipment is high, the decision-making constraint make it difficult for the flexible operation.

참고문헌 (Reference)

1 정형록, "한국제조기업의 비대칭적 원가행태 결정요인에 관한 연구" 한국회계정보학회 25 (25): 2-28, 2007

2 구정호, "이익조정 유인이 원가의 비대칭성에 미치는 영향: 적자회피 및 이익유연화, Big-Bath를 중심으로" 한국회계학회 36 (36): 135-177, 2011

3 장진기, "무형자산이 원가의 비대칭성에 미치는 영향" 한국관리회계학회 15 (15): 1-32, 2015

4 장승현, "기업의 경영조건이 비대칭적 원가행태에 미치는 영향: 원가관리와 이익조정의 역할" 한국회계학회 34 (34): 71-107, 2009

5 Jidong Zhang, "Why is asset-light strategy necessary? An empirical analysis through the lens of cost stickiness" Elsevier BV 32 : 100571-, 2019

6 Martin Holzhacker, "The Impact of Changes in Regulation on Cost Behavior" Wiley 32 (32): 534-566, 2015

7 Mustafa Ciftci, "Stickiness in Costs and Voluntary Disclosures: Evidence from Management Earnings Forecasts" American Accounting Association 30 (30): 211-234, 2017

8 Wu-Lung Li, "Product market competition and cost stickiness" Springer Science and Business Media LLC 49 (49): 283-313, 2017

9 Daecheon Yang, "Mergers, CEO Hubris, and Cost Stickiness" Informa UK Limited 51 (51): S46-S63, 2015

10 Chune Young Chung, "Institutional investors and cost stickiness: Theory and evidence" Elsevier BV 47 : 336-350, 2019

11 Shuang Xue, "Earnings management, corporate governance and expense stickiness" Elsevier BV 9 (9): 41-58, 2016

12 Michael E Bradbury, "Do managers forecast asymmetric cost behaviour?" SAGE Publications 43 (43): 538-554, 2018

13 ITAY KAMA, "Do Earnings Targets and Managerial Incentives Affect Sticky Costs?" Wiley 51 (51): 201-224, 2013

14 Awad Elsayed Awad Ibrahim, "Board characteristics and asymmetric cost behavior: evidence from Egypt" Emerald 31 (31): 301-322, 2018

15 Rajiv D. Banker, "Asymmetric Cost Behavior" American Accounting Association 26 (26): 43-79, 2014

16 Mark C. Anderson, "Are Selling, General, and Administrative Costs "Sticky"?" Wiley 41 (41): 47-63, 2003

17 Kenneth Calleja, "A note on cost stickiness: Some international comparisons" Elsevier BV 17 (17): 127-140, 2006