Anestaki, Lianna

2020-06-05T00:00:37Z

https://repository.ihu.edu.gr//xmlui/handle/11544/29499

Cost stickiness

Cost behavior

masterThesis

free

School of Economics, Business Administration and Legal Studies, MSc in International Accounting, Auditing and Financial Management

This dissertation was written as part of the MSc in International Accounting, Auditing and Financial Management at the International Hellenic University. This thesis deals with the appearance or not of sticky behavior, namely if costs of goods sold rise more in a sales increase than they fall in an equal decrease in sales and this regards costs for small and medium-sized Greek businesses for the time period that the crisis almost began, that is, 2008-2018. The study focuses on assessing the cost behavior of a sample of Greek companies in Athens Stock Exchange under years of scrutiny. The results of the survey show that not only cost of goods sold does not follow sticky behavior, but in fact they follow an anti-stickiness behavior. This is due to the fact that an increase in sales does in fact affect the cost of goods sold to an increase, but an equal decrease in sales affects in a bigger decrease the cost of goods sold. In addition, the concept of sticky behavior is presented and analyzed, as well as the factors that drive and create this costological behavior at an operational, sectoral, and socio-political level through the presentation and interpretation of prior literature. Finally, I want to thank my supervisor Dr Archontaki, who was there for me every single time I needed him and supported me till the end. Also, I want to thank my parents who invested in my further knowledge and wait patiently with me for the results.

Grose, Christos

IHU