โดย Nuchjaree Pichetkun
ปี 2012
บทคัดย่อ (Abstract)
This study aimed to investigate the determinants of sticky cost behavior of Thai listed companies by using the structural equation modeling (SEM) approach. In order to obtain the good-fit cost behavior model, the AMOS (Analysis of Moment Structures) program was employed to construct the measurement models to confirm the latent variables of the sticky cost behavior model through the confirmatory factor analysis (CFA).
The results indicate that the measurement models were good-fit models. The exploratory factor analysis (EFA) and multiple regression analysis were utilized to specify the determinants of cost stickiness. The results show that adjustment costs and agency costs were positively associated with the degree of cost stickiness, whereas political costs and corporate governance were negatively associated with the degree of cost stickiness.
These findings will contribute to management for understanding cost behavior which is critical to managers for planning, controlling and reducing costs. In addition, the result of this study will also contribute to investors and financial analysts for understanding managers’ behavior, which is useful information in making the investment decisions. However, it is not publicly disclosed.