Fatores associados ao comportamento dos custos em períodos de prosperidade e crise econômica em empresas dos países que compõe o PIIGS

Vinícius Costa da Silva Zonatto; Edgar Pamplona; Maurício Leite

doi:10.18046/j.estger.2018.148.2603

Authors

Vinícius Costa da Silva Zonatto, Ph.D. Permanent Professor, Graduate Program in Accounting Sciences, Regional University of Blumenau, Blumenau, Brazil. https://orcid.org/0000-0003-0823-6774
Edgar Pamplona, Ph.D. (c) PhD, Post-Graduate Program in Accounting Sciences, Blumenau Regional University, Blumenau, Brazil. https://orcid.org/0000-0002-2579-5458
Maurício Leite, Ph.D. (c) PhD, Post-Graduate Program in Accounting Sciences, Blumenau Regional University, Blumenau, Brazil. https://orcid.org/0000-0001-7764-3969

DOI:

https://doi.org/10.18046/j.estger.2018.148.2603

Keywords:

costs behavior, economic prosperity, economic crisis, associated factors, PIIGS countries

Abstract

The aim of this study is to investigate factors associated with the behavior of costs in periods of prosperity and economic crisis in 473 companies in PIIGS countries. A descriptive research was conducted with documentary analysis and a quantitative approach between 1998 and 2015. The results show that organizations operate with lower profit margins in crisis times, suggesting that they adjust their cost structures to resist of these. In addition, the sales/general/administrative costs (expenses) show less asymmetry in the recession while free cash flow and fixed asset intensity increase the asymmetry. This research provides new insights for managers to identify possible avenues for decision making assertiveness, to maintain the organizations persistence in the market.

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