Faktor-Faktor yang Mempengaruhi Cost Stickiness - Suatu Kajian Pustaka
Abstract
This study aims to analyze the existing empirical research literature on determinant of cost stickiness. Cost stickiness has attracted the attention of professionals dan academics since Anderson, Banker dan Janakiraman (2003) discuss the asymmetrical cost behavior in their research. This study is a qualitative research dan use document analysis method to answer research question. We collected 25 empirical studies from 30 international journal in the 2013-2019 to make a complete dan integrated analysis. We classified determinants of cost stickiness into 2 (two) main groups: internal dan external factors. Internal factors, such as historical sales information, labor adjustment cost, earning management, intellectual capital, corporate governance, ownership, internal control, compensation dan incentive scheme, corporate social responsibility, management orientation, management optimistic behavior, dan company financing source do have impact on cost stickiness. External factors, such as market competition, law dan regulation, culture, dan external auditor have impact on cost stickiness as well. This research contributes by summarize variables that influence sticky asymmetrical cost behavior for practical business environment dan highlights future research opportunities.
References
Anderson, M., Asdemir, O. and Tripathy, A. (2013) ‘Use of precedent and antecedent information in strategic cost management’, Journal of Business Research. Haskayne School of Business, University of Calgary, Calgary, AB T2N 1N4, Canada, 66(5), pp. 643–650. doi: 10.1016/j.jbusres.2012.08.021.
Anderson, M. C., Banker, R. D. and Janakiraman, S. N. (2003) ‘Are Selling, General, and Administrative Costs “Sticky”?’, Journal of Accounting Research. John Wiley & Sons, Ltd (10.1111), 41(1), pp. 47–63. doi: 10.1111/1475-679X.00095.
Banker, R. D. et al. (2014) ‘The moderating effect of prior sales changes on asymmetric cost behavior’, Journal of Management Accounting Research. Temple University, United States, 26(2), pp. 221–242. doi: 10.2308/jmar-50726.
Banker, R. D. and Byzalov, D. (2014) ‘Asymmetric cost behavior’, Journal of Management Accounting Research. Temple University, United States, 26(2), pp. 43–79. doi: 10.2308/jmar-50846.
Banker, R. D., Byzalov, D. and Chen, L. T. (2013) ‘Employment protection legislation, adjustment costs and cross-country differences in cost behavior’, Journal of Accounting and Economics. Fox School of Business, Temple University, Alter Hall, Philadelphia, PA 19122, United States, 55(1), pp. 111–127. doi: 10.1016/j.jacceco.2012.08.003.
Brüggen, A. and Zehnder, J. O. (2014) ‘SG&A cost stickiness and equity-based executive compensation: does empire building matter?’, Journal of Management Control. Department of Accounting and Information Management, School of Business and Economics, Maastricht University, P.O. Box 616, Maastricht, 6200MD, Netherlands, 25(3–4), pp. 169–192. doi: 10.1007/s00187-014-0195-5.
Bugeja, M., Lu, M. and Shan, Y. (2015) ‘Cost Stickiness in Australia: Characteristics and Determinants’, Australian Accounting Review. University of Technology Sydney, Australia, 25(3), pp. 248–261. doi: 10.1111/auar.12066.
Cai, C., Zheng, Q. and Zhu, L. (2019) ‘The effect of shared auditors in the supply chain on cost stickiness’, China Journal of Accounting Research. doi: 10.1016/j.cjar.2019.09.001.
Calleja, K., Steliaros, M. and Thomas, D. C. (2006) ‘A note on cost stickiness: Some international comparisons’, Management Accounting Research. Goldman Sachs, 102 Fleet Street, London, EC4A 2QQ, United Kingdom, 17(2), pp. 127–140. doi: 10.1016/j.mar.2006.02.001.
Cannon, J. N. (2014) ‘Determinants of “sticky costs”: An analysis of cost behavior using United States air transportation industry data’, Accounting Review. Iowa State University, United States, 89(5), pp. 1645–1672. doi: 10.2308/accr-50806.
Chae, S. J. and Chung, K. (2015) ‘The effect of human resource investment in internal accounting control on cost stickiness’, Journal of Applied Business Research. School of Business, Kangwon National University, 192-1 Hyojadong, Chuncheon, Gangwon-do, South Korea, 31(5), pp. 1719–1732.
Chen, J. V, Kama, I. and Lehavy, R. (2019) ‘A contextual analysis of the impact of managerial expectations on asymmetric cost behavior’, Review of Accounting Studies, 24(2), pp. 665–693. doi: 10.1007/s11142-019-09491-2.
Cheng, S., Jiang, W. and Zeng, Y. (2018) ‘Does access to capital affect cost stickiness? Evidence from China*’, Asia-Pacific Journal of Accounting and Economics. Robert H. Smith School of Business, University of Maryland, College Park, MD, United States, 25(1–2), pp. 177–198. doi: 10.1080/16081625.2016.1253483.
Cheung, J. et al. (2018) ‘Is the asymmetric cost behavior affected by competition factors? *’, Asia-Pacific Journal of Accounting and Economics. College of Economics and Business Administration, Daegu University, Gyeongsan, South Korea, 25(1–2), pp. 218–234. doi: 10.1080/16081625.2016.1266271.
Corbin, J. and Strauss, A. (2008) Basics of qualitative research: Techniques and procedures for developing grounded theory, 3rd ed., Basics of qualitative research: Techniques and procedures for developing grounded theory, 3rd ed. Thousand Oaks, CA, US: Sage Publications, Inc. doi: 10.4135/9781452230153.
Habib, A. and Hasan, M. M. (2019) ‘Corporate Social Responsibility and Cost Stickiness’, Business and Society. Massey University, Auckland, New Zealand, 58(3), pp. 453–492. doi: 10.1177/0007650316677936.
Hartlieb, S., Loy, T. R. and Eierle, B. (2019) ‘Does community social capital affect asymmetric cost behaviour?’, Management Accounting Research, p. 100640. doi: 10.1016/j.mar.2019.02.002.
Ibrahim, A. E. A. (2018) ‘Board characteristics and asymmetric cost behavior: evidence from Egypt’, Accounting Research Journal. Accounting and Financial Management Department, Portsmouth Business School, University of Portsmouth, Portsmouth, United Kingdom, 31(2), pp. 301–322. doi: 10.1108/ARJ-11-2015-0148.
Jiang, W., Yao, W. and Hu, Y. (2016) ‘The enforcement of the Minimum Wage Policy in China and firm cost stickiness’, China Journal of Accounting Studies. Accounting Department, Management School, Jinan University, Guangzhou, China, 4(3), pp. 339–355. doi: 10.1080/21697213.2016.1218631.
Kama, I. and Weiss, D. (2013) ‘Do Earnings Targets and Managerial Incentives Affect Sticky Costs?’, Journal of Accounting Research. Faculty of Management, Tel Aviv University, Israel, 51(1), pp. 201–224. doi: 10.1111/j.1475-679X.2012.00471.x.
Kim, J.-B., Lee, J. J. and Park, J. C. (2019) ‘Internal Control Weakness and the Asymmetrical Behavior of Selling, General, and Administrative Costs’, Journal of Accounting, Auditing & Finance. SAGE Publications Inc, p. 0148558X19868114. doi: 10.1177/0148558X19868114.
Kitching, K., Mashruwala, R. and Pevzner, M. (2016) ‘Culture and Cost Stickiness: A Cross-country Study’, International Journal of Accounting. School of Business, George Mason University, 4400 University Drive, Fairfax, VA 22030, United States, 51(3), pp. 402–417. doi: 10.1016/j.intacc.2016.07.010.
Li, W.-L. and Zheng, K. (2017) ‘Product market competition and cost stickiness’, Review of Quantitative Finance and Accounting. Division of International Banking and Finance Studies, Texas A&M International University, 5201 University Blvd., Laredo, TX 78041-1900, United States, 49(2), pp. 283–313. doi: 10.1007/s11156-016-0591-z.
Liang, S., Chen, D. and Hu, X. (2014) ‘External auditor types and the cost stickiness of listed companies’, China Journal of Accounting Studies. China’s Management Accounting Research & Development Center/School of Accountancy, Central University of Finance and Economics, Beijing, 100081, China, 2(4), pp. 294–322. doi: 10.1080/21697213.2014.982004.
Liu, X. K., Liu, X. and Reid, C. D. (2019) ‘Stakeholder Orientations and Cost Management’, Contemporary Accounting Research. Northeastern University, United States, 36(1), pp. 486–512. doi: 10.1111/1911-3846.12389.
Mo, K., Park, K. J. and Kim, Y. (2018) ‘CEO pension and selling, general and administrative cost stickiness’, International Journal of Entrepreneurship. Chung-Ang University, South Korea, 22(4).
Mohammadi, A. and Taherkhani, P. (2017) ‘Organizational capital, intellectual capital and cost stickiness (evidence from Iran)’, Journal of Intellectual Capital. Islamic Azad University, Zanjan, Iran, 18(3), pp. 625–642. doi: 10.1108/JIC-06-2016-0066.
Namitha, C. and Shijin, S. (2016) ‘Managerial discretion and agency cost in Indian market’, Advances in Accounting. Department of Commerce, School of Management, Pondicherry University, Pondicherry, 605014, India, 35, pp. 159–169. doi: 10.1016/j.adiac.2016.06.002.
Prabowo, R., Hooghiemstra, R. and Van Veen-Dirks, P. (2018) ‘State Ownership, Socio-political Factors, and Labor Cost Stickiness’, European Accounting Review. University of Groningen, Groningen, Netherlands, 27(4), pp. 771–796. doi: 10.1080/09638180.2017.1329659.
Venieris, G., Naoum, V. C. and Vlismas, O. (2015) ‘Organisation capital and sticky behaviour of selling, general and administrative expenses’, Management Accounting Research. Department of Accounting and Finance, Athens University of Economics and Business, 76 Patission Str., Athens, 104 34, Greece, 26, pp. 54–82. doi: 10.1016/j.mar.2014.10.003.
Xue, S. and Hong, Y. (2016) ‘Earnings management, corporate governance and expense stickiness’, China Journal of Accounting Research. Institute of Accounting and Finance, School of Accountancy, Shanghai University of Finance and Economics, China, 9(1), pp. 41–58. doi: 10.1016/j.cjar.2015.02.001.
Yang, Y. (2019) ‘Do Accruals Earnings Management Constraints and Intellectual Capital Efficiency Trigger Asymmetric Cost Behaviour? Evidence from Australia’, Australian Accounting Review. University of Wollongong, Australia, 29(1), pp. 177–192. doi: 10.1111/auar.12250.
Zhang, L., Li, J. and Wang, H. (2019) ‘IPO over-funding and cost stickiness’, Asia-Pacific Journal of Accounting & Economics. Routledge, pp. 1–16. doi: 10.1080/16081625.2019.1601024.
Anderson, M. C., Banker, R. D. and Janakiraman, S. N. (2003) ‘Are Selling, General, and Administrative Costs “Sticky”?’, Journal of Accounting Research. John Wiley & Sons, Ltd (10.1111), 41(1), pp. 47–63. doi: 10.1111/1475-679X.00095.
Banker, R. D. et al. (2014) ‘The moderating effect of prior sales changes on asymmetric cost behavior’, Journal of Management Accounting Research. Temple University, United States, 26(2), pp. 221–242. doi: 10.2308/jmar-50726.
Banker, R. D. and Byzalov, D. (2014) ‘Asymmetric cost behavior’, Journal of Management Accounting Research. Temple University, United States, 26(2), pp. 43–79. doi: 10.2308/jmar-50846.
Banker, R. D., Byzalov, D. and Chen, L. T. (2013) ‘Employment protection legislation, adjustment costs and cross-country differences in cost behavior’, Journal of Accounting and Economics. Fox School of Business, Temple University, Alter Hall, Philadelphia, PA 19122, United States, 55(1), pp. 111–127. doi: 10.1016/j.jacceco.2012.08.003.
Brüggen, A. and Zehnder, J. O. (2014) ‘SG&A cost stickiness and equity-based executive compensation: does empire building matter?’, Journal of Management Control. Department of Accounting and Information Management, School of Business and Economics, Maastricht University, P.O. Box 616, Maastricht, 6200MD, Netherlands, 25(3–4), pp. 169–192. doi: 10.1007/s00187-014-0195-5.
Bugeja, M., Lu, M. and Shan, Y. (2015) ‘Cost Stickiness in Australia: Characteristics and Determinants’, Australian Accounting Review. University of Technology Sydney, Australia, 25(3), pp. 248–261. doi: 10.1111/auar.12066.
Cai, C., Zheng, Q. and Zhu, L. (2019) ‘The effect of shared auditors in the supply chain on cost stickiness’, China Journal of Accounting Research. doi: 10.1016/j.cjar.2019.09.001.
Calleja, K., Steliaros, M. and Thomas, D. C. (2006) ‘A note on cost stickiness: Some international comparisons’, Management Accounting Research. Goldman Sachs, 102 Fleet Street, London, EC4A 2QQ, United Kingdom, 17(2), pp. 127–140. doi: 10.1016/j.mar.2006.02.001.
Cannon, J. N. (2014) ‘Determinants of “sticky costs”: An analysis of cost behavior using United States air transportation industry data’, Accounting Review. Iowa State University, United States, 89(5), pp. 1645–1672. doi: 10.2308/accr-50806.
Chae, S. J. and Chung, K. (2015) ‘The effect of human resource investment in internal accounting control on cost stickiness’, Journal of Applied Business Research. School of Business, Kangwon National University, 192-1 Hyojadong, Chuncheon, Gangwon-do, South Korea, 31(5), pp. 1719–1732.
Chen, J. V, Kama, I. and Lehavy, R. (2019) ‘A contextual analysis of the impact of managerial expectations on asymmetric cost behavior’, Review of Accounting Studies, 24(2), pp. 665–693. doi: 10.1007/s11142-019-09491-2.
Cheng, S., Jiang, W. and Zeng, Y. (2018) ‘Does access to capital affect cost stickiness? Evidence from China*’, Asia-Pacific Journal of Accounting and Economics. Robert H. Smith School of Business, University of Maryland, College Park, MD, United States, 25(1–2), pp. 177–198. doi: 10.1080/16081625.2016.1253483.
Cheung, J. et al. (2018) ‘Is the asymmetric cost behavior affected by competition factors? *’, Asia-Pacific Journal of Accounting and Economics. College of Economics and Business Administration, Daegu University, Gyeongsan, South Korea, 25(1–2), pp. 218–234. doi: 10.1080/16081625.2016.1266271.
Corbin, J. and Strauss, A. (2008) Basics of qualitative research: Techniques and procedures for developing grounded theory, 3rd ed., Basics of qualitative research: Techniques and procedures for developing grounded theory, 3rd ed. Thousand Oaks, CA, US: Sage Publications, Inc. doi: 10.4135/9781452230153.
Habib, A. and Hasan, M. M. (2019) ‘Corporate Social Responsibility and Cost Stickiness’, Business and Society. Massey University, Auckland, New Zealand, 58(3), pp. 453–492. doi: 10.1177/0007650316677936.
Hartlieb, S., Loy, T. R. and Eierle, B. (2019) ‘Does community social capital affect asymmetric cost behaviour?’, Management Accounting Research, p. 100640. doi: 10.1016/j.mar.2019.02.002.
Ibrahim, A. E. A. (2018) ‘Board characteristics and asymmetric cost behavior: evidence from Egypt’, Accounting Research Journal. Accounting and Financial Management Department, Portsmouth Business School, University of Portsmouth, Portsmouth, United Kingdom, 31(2), pp. 301–322. doi: 10.1108/ARJ-11-2015-0148.
Jiang, W., Yao, W. and Hu, Y. (2016) ‘The enforcement of the Minimum Wage Policy in China and firm cost stickiness’, China Journal of Accounting Studies. Accounting Department, Management School, Jinan University, Guangzhou, China, 4(3), pp. 339–355. doi: 10.1080/21697213.2016.1218631.
Kama, I. and Weiss, D. (2013) ‘Do Earnings Targets and Managerial Incentives Affect Sticky Costs?’, Journal of Accounting Research. Faculty of Management, Tel Aviv University, Israel, 51(1), pp. 201–224. doi: 10.1111/j.1475-679X.2012.00471.x.
Kim, J.-B., Lee, J. J. and Park, J. C. (2019) ‘Internal Control Weakness and the Asymmetrical Behavior of Selling, General, and Administrative Costs’, Journal of Accounting, Auditing & Finance. SAGE Publications Inc, p. 0148558X19868114. doi: 10.1177/0148558X19868114.
Kitching, K., Mashruwala, R. and Pevzner, M. (2016) ‘Culture and Cost Stickiness: A Cross-country Study’, International Journal of Accounting. School of Business, George Mason University, 4400 University Drive, Fairfax, VA 22030, United States, 51(3), pp. 402–417. doi: 10.1016/j.intacc.2016.07.010.
Li, W.-L. and Zheng, K. (2017) ‘Product market competition and cost stickiness’, Review of Quantitative Finance and Accounting. Division of International Banking and Finance Studies, Texas A&M International University, 5201 University Blvd., Laredo, TX 78041-1900, United States, 49(2), pp. 283–313. doi: 10.1007/s11156-016-0591-z.
Liang, S., Chen, D. and Hu, X. (2014) ‘External auditor types and the cost stickiness of listed companies’, China Journal of Accounting Studies. China’s Management Accounting Research & Development Center/School of Accountancy, Central University of Finance and Economics, Beijing, 100081, China, 2(4), pp. 294–322. doi: 10.1080/21697213.2014.982004.
Liu, X. K., Liu, X. and Reid, C. D. (2019) ‘Stakeholder Orientations and Cost Management’, Contemporary Accounting Research. Northeastern University, United States, 36(1), pp. 486–512. doi: 10.1111/1911-3846.12389.
Mo, K., Park, K. J. and Kim, Y. (2018) ‘CEO pension and selling, general and administrative cost stickiness’, International Journal of Entrepreneurship. Chung-Ang University, South Korea, 22(4).
Mohammadi, A. and Taherkhani, P. (2017) ‘Organizational capital, intellectual capital and cost stickiness (evidence from Iran)’, Journal of Intellectual Capital. Islamic Azad University, Zanjan, Iran, 18(3), pp. 625–642. doi: 10.1108/JIC-06-2016-0066.
Namitha, C. and Shijin, S. (2016) ‘Managerial discretion and agency cost in Indian market’, Advances in Accounting. Department of Commerce, School of Management, Pondicherry University, Pondicherry, 605014, India, 35, pp. 159–169. doi: 10.1016/j.adiac.2016.06.002.
Prabowo, R., Hooghiemstra, R. and Van Veen-Dirks, P. (2018) ‘State Ownership, Socio-political Factors, and Labor Cost Stickiness’, European Accounting Review. University of Groningen, Groningen, Netherlands, 27(4), pp. 771–796. doi: 10.1080/09638180.2017.1329659.
Venieris, G., Naoum, V. C. and Vlismas, O. (2015) ‘Organisation capital and sticky behaviour of selling, general and administrative expenses’, Management Accounting Research. Department of Accounting and Finance, Athens University of Economics and Business, 76 Patission Str., Athens, 104 34, Greece, 26, pp. 54–82. doi: 10.1016/j.mar.2014.10.003.
Xue, S. and Hong, Y. (2016) ‘Earnings management, corporate governance and expense stickiness’, China Journal of Accounting Research. Institute of Accounting and Finance, School of Accountancy, Shanghai University of Finance and Economics, China, 9(1), pp. 41–58. doi: 10.1016/j.cjar.2015.02.001.
Yang, Y. (2019) ‘Do Accruals Earnings Management Constraints and Intellectual Capital Efficiency Trigger Asymmetric Cost Behaviour? Evidence from Australia’, Australian Accounting Review. University of Wollongong, Australia, 29(1), pp. 177–192. doi: 10.1111/auar.12250.
Zhang, L., Li, J. and Wang, H. (2019) ‘IPO over-funding and cost stickiness’, Asia-Pacific Journal of Accounting & Economics. Routledge, pp. 1–16. doi: 10.1080/16081625.2019.1601024.
Published
2020-01-08
How to Cite
Linggardjaja, I. (2020). Faktor-Faktor yang Mempengaruhi Cost Stickiness - Suatu Kajian Pustaka. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 4(1), 52-65. https://doi.org/10.31955/mea.v4i1.205
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Articles
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