بررسی چسبندگی هزینه‌ها در شرکت‌های دارویی پذیرفته‌شده در بورس اوراق بهادار تهران

نوع مقاله : مقاله پژوهشی

نویسندگان

1 استادیار حسابداری دانشگاه یزد.

2 دانشجوی کارشناسی‌ارشد حسابداری دانشگاه یزد.

چکیده

مقدمه: هدف این پژوهش بررسی رفتار چسبنده هزینه‌های عملیاتی و بهای تمام شده کالای فروش‌رفته و برخی عوامل احتمالی (شامل دارایی‌ها، بدهی‌ها، جریان نقد آزاد و تولید ناخالص داخلی) اثرگذار بر میزان چسبندگی هزینه‌های عملیاتی در شرکت‌های دارویی پذیرفته‌شده در بورس اوراق بهادار تهران است.
روش پژوهش: طرح پژوهش بر اساس هدف، کاربردی و با استفاده از رویکرد پس‌رویدادی از طریق اطلاعات گذشته است. برای آزمون فرضیه‌های مطرح شده از داده‌های سری زمانی-مقطعی استفاده شده است. جامعه و نمونه آماری پژوهش شامل 24 شرکت دارویی پذیرفته‌شده در بورس اوراق بهادار تهران در بازه زمانی 1393-1382 است که در صنعت دارو فعالیت داشته‌اند. روش آماری مورد استفاده در این پژوهش، رگرسیون چندمتغیره است. برای تجزیه و تحلیل داده‌ها از نرم‌افزارهای Excel نسخه 13 و Eviews نسخه 8 استفاده شده است.
یافته‌ها: یافته‌های پژوهش نشان می‌دهد که هزینه‌های عملیاتی نسبت به تغییرات درآمد فروش رفتار چسبنده دارد اما شواهدی مبنی بر چسبنده بودن بهای تمام‌شده کالای فروش‌رفته یافت نشد. هم‌چنین، نتایج بدست آمده حاکی از وجود رابطه معنادار بین میزان چسبندگی هزینه‌های عملیاتی و جریان نقد آزاد است. به این گونه که در شرکت‌های با جریان نقد آزاد بالاتر، چسبندگی هزینه‌ها بیش­تر است. افزون براین، نتایج از وجود رابطه مستقیم و معنادار بین میزان چسبندگی هزینه­های عملیاتی و تولید ناخالص داخلی حکایت دارد اما اثرگذاربودن دارایی‌ها و بدهی‌ها بر میزان چسبندگی هزینه‌های عملیاتی مورد تأیید قرار نگرفت.
نتیجه‌گیری: در صورت پیش­بینی افزایش فروش آینده یا در دوره­های رشد اقتصادی، برای استفاده مناسب از فرصت‌ها و هم‌چنین به دلیل آن که تحصیل و آماده­سازی مجدد منابع نیازمند زمان و هزینه مضاعف است، مدیران منابع را در شرکت حفظ می­کنند تا از بازگشت فروش به سطح قبلی، بیش‌ترین مزیت را کسب کنند که این امر چسبندگی هزینه­های عملیاتی را به دنبال خواهد داشت.

کلیدواژه‌ها

عنوان مقاله [English]

Investigating the Stickiness of Costs in the Pharmaceutical Companies Listed on the Tehran Stock Exchange

نویسندگان [English]

  • M. Nazemi Ardakani 1
  • F. Hekmati 2
1 Assistant Professor, Department of Accounting, Yazd University.
2 M. A. Student in Accounting, Yazd University.
چکیده [English]

Introduction: The aim of this research is to examine the stickiness of operational costs and the cost price of sold product and some probable effective factors (such as assets, debts, free cash flow and Gross Domestic Product) on the stickiness of operational costs in the pharmaceutical companies listed on the Tehran Stock Exchange.
Method: The research is applied in terms of purpose, and it has been conducted through Critical Incident Technique by the use of past information. In order to test the presented hypotheses, Time Series Analysis has been used. The statistical sample and population of the research involve 24 pharmaceutical companies listed on the Tehran Stock Exchange during 2003-2014 which have been active in the Pharmaceutical Industry. The applied statistical method in this research is multiple linear regression.In order to analyze the data, Excel Software Version 13 and Eviews Version 8 have been used.
Results: The findings of the research indicate that the operational costs have sticky behavior in relation to sale income changes, but no evidence was found for the stickiness of the cost price of the sold product. Also, the results state a meaningful relationship between the rate of stickiness of operational costs and free cash flow in such a way that in the firms with higher free cash flow, stickiness of costs are higher. Additionally, the results suggest a direct and meaningful relationship between the rate of stickiness of operational costs and Gross Domestic Production, but the effectiveness of the assets and debts on the stickiness of the operational costs did not validate.
Conclusion: In the case of predicting an increase in the future sale or in the economic growth periods, for a proper use of opportunities, and also because the achievement and further preparation of resources are in needs of time and double cost, managers protect the resources in the firm in order to gain a higher privilege by sale return to the previous level of sale which will lead to the stickiness of operational costs.
 

کلیدواژه‌ها [English]

  • Operational Cost
  • Pharmaceutical Companies
  • Sale Income
  • the Asymmetric Behavior of Cost
  • The Stickiness of Cost

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