Behavior of costs in G-20 companies: Analysis under the optics of sticky costs

Abstract

This study analyzes the behavior of costs of companies of the G-20, under the perspective of sticky costs. Descriptive and documentary research was carried out with a sample of 2974 companies, from 2004 to 2013, with descriptive statistical analysis and regression of panel data, the variable being dependent on CPV and independent of the variation of REVENUES in the period. Overall, the results show a relationship between CPV and RECEITAS, which in countries such as Brazil, Mexico, Turkey and China saw an increase in revenues to cover costs. Countries such as Italy, Germany and the United States showed a downward trend in revenues to cover their costs. In the United Kingdom, France, Australia, Russia, Japan and South Korea oscillations were evidenced, with several peaks of increase and reduction of revenues in this period. As for the theory of sticky costs, its incidence was found in companies from Brazil, Australia, China, Italy, Japan, Mexico, Russia, Turkey and South Africa. In France, the United Kingdom and the United States the results suggested that, during this period, there was no significant association between these variables. Little difference was evidenced in the ratio of increase and decrease of costs in Germany and South Korea, and it is not possible to conclude conclusively on the incidence of cost asymmetry.