Obtaining the effects of unobservable firm-specific characteristics on cost stickiness by the one-way error component regression model

IF 2.2 Q3 MANAGEMENT

Journal of Facilities Management Pub Date : 2022-02-24 DOI:10.1108/jfm-10-2021-0110

A. Shirzad

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引用次数: 0

Abstract

Purpose This research attempts to obtain the effect of unobservable firm-specific characteristics on selling, general and administrative (SG&A) cost stickiness by using panel data. Design/methodology/approach For this purpose, first, the authors describe the one-way error component regression model in panel data and presented that unobservable individual effect how could be estimated. Then the authors tested this panel data’s ability by estimating the effect of unobservable firm-specific characteristics on SG&A stickiness. Findings The authors find, for 195 firm-year of the industrial sector over 5 years, the SG&A costs increase on average at a rate of 0.76% per 1% increase in sales but decrease only 0.51% per 1% decrease in sales. In addition, the authors find that the unobservable characteristics of each company have different effects on SG&A cost stickiness. Originality/value As the present study is the pioneer study on describe the one-way error component regression model in panel data and presented the unobservable individual effects. The findings of this study can contribute to the realm of this study and the related literature.

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利用单向误差分量回归模型，得到不可观察的企业特征对成本粘性的影响

目的本研究试图利用面板数据获得不可观察的企业特定特征对销售、一般和管理（SG&A）成本粘性的影响。设计/方法/方法为此，首先，作者在面板数据中描述了单向误差分量回归模型，并提出了可以估计的不可观察的个体效应。然后，作者通过估计不可观察的企业特定特征对SG&A粘性的影响来测试该面板数据的能力。作者发现，对于195家公司，工业部门的年数超过5 年，SG&A成本平均以销售额每增长1%0.76%的速度增长，但销售额每下降1%仅下降0.51%。此外，作者发现，每家公司的不可观察特征对SG&A成本粘性的影响不同。原创性/价值本研究是在面板数据中描述单向误差分量回归模型的先驱研究，并提出了不可观测的个体效应。本研究的发现可以为本研究和相关文献的研究领域做出贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Facilities Management MANAGEMENT-

CiteScore

4.30

自引率

15.80%

发文量

期刊介绍： Journal of Facilities Management is a strategic level journal for Heads of Facilities and Corporate Real Estate. Guided by its international and expert Editorial Board, Journal of Facilities Management publishes high-quality, authoritative, and detailed analysis, briefings and case studies on how facilities can and do play a vital part in helping deliver corporate strategy. This quarterly publication features contributions from leading practitioners and thinkers in the field of Facilities Management, from some of the leading companies, government institutions, and universities in the world. The journal features a combination of theoretical and practical articles, complemented by a wide range of case studies and regular features, identifying key implications for senior practitioners in Facilities Management.