Effect of Financial Restriction on Sticky Costs: Empirical Evidence from Brazil Outros Idiomas

ID:
62899
Periódico:
Resumo:
Esta pesquisa objetivou investigar o impacto da restrição financeira no comportamento assimétrico dos custos de empresas listadas na B3 (Brasil). Para tanto, foi desenvolvido um estudo descritivo, documental e quantitativo com a utilização de regressão linear múltipla, totalizando uma amostra de 834 observações. Os resultados mostram que as empresas com e sem restrições financeiras apresentam um comportamento assimétrico dos custos, ou seja, o aumento dos custos totais diante de um aumento da receita de vendas é superior quando comparado com a redução dos custos devido a uma redução proporcional na receita. No entanto, os resultados revelaram que as empresas com restrições financeiras adaptam melhor os custos totais diante da situação da empresa e diminuições na receita. Em outras palavras, pode-se constatar que essas empresas realizam cortes mais drásticos nos gastos totais em decorrência da redução da receita de vendas, todavia, aumentando a assimetria dos custos. Por outro lado, quando da retomada da economia acabam perdendo pela baixa capacidade de investimento para crescimento, por estarem passando por dificuldades para a obtenção de recursos. Conclui-se que o comportamento dos custos é adaptado às condições das empresas com restrições financeiras. As evidências encontradas no estudo contribuem para credores e reguladores, que podem subsidiar novas políticas de financiamento e monitoramento de risco para empresas com restrição financeira, uma vez que visam adaptar a assimetria ocorrida nos custos em função de uma queda na receita, o que revela que procuram saídas diante da situação financeira, com vistas a melhorar a capacidade global da empresa.
Citação ABNT:
DEGENHART, L.; LUNARDI, M. A.; ZONATTO, V. C. S.; MAGRO, C. B. D. Effect of Financial Restriction on Sticky Costs: Empirical Evidence from Brazil. Revista de Negócios, v. 26, n. 1, p. 6-21, 2021.
Citação APA:
Degenhart, L., Lunardi, M. A., Zonatto, V. C. S., & Magro, C. B. D. (2021). Effect of Financial Restriction on Sticky Costs: Empirical Evidence from Brazil. Revista de Negócios, 26(1), 6-21.
DOI:
http://dx.doi.org/10.7867/1980-4431.2021v26n1p6-21
Link Permanente:
http://www.spell.org.br/documentos/ver/62899/effect-of-financial-restriction-on-sticky-costs--empirical-evidence-from-brazil/i/pt-br
Tipo de documento:
Artigo
Idioma:
Inglês
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