1
Ph.D in Accounting, Management Faculty (Alborz Campus), Tehran University, Tehran, IRAN
2
Associate Professor of Tehran University, Management Faculty, Tehran University, Tehran, IRAN
Abstract
One of the fundamental issues in the section of management accounting is to explain the expenses’ behavior and estimating the amount of expenses in order to compute the companies’ operation budget. This research intends to investigate the effect of Intellectual Capital on stickiness of companies’ operations expenses. Also, the research studies the effects of Intellectual Capital on expenses’ asymmetric behavior using of 101 firms over the period 1387-1396 (1010 firm-year) selected from Tehran stock exchange. Following the Anderson’s and Banker’s base model, the dependent variable is considered the growth of operation expenses. The independent variables include the intellectual capital, organization capital, financial capital and human capital. Also the variable of decreasing in sales for one period considered as a dummy variable. The hypotheses of research analyzed with using multi-regression and Panel Data methods. Results indicate the existence of stickiness behavior in firms of Tehran stock exchange. In spite of confirming the hypothesis of stickiness, there is no meaningful relation between intellectual capital and its components with stickiness of expenses. In other words, the intangible assets have no significant effect on the asymmetric behavior of firms’ expenses of Tehran stock exchange.
Alavi, S, A. Gharshi, R. (2015). Investigating the Relation between Intellectual Capital and Organization Performance, Journal of Educational Management Research, 6(23), 133-148.
Ali Ahmadi, S. Soroushyar A. (2015). Assessment the Role of Organization Capital on Company Cost Stickiness, Journal of Financial Accounting Knowledge, 2(4), 137-153.
Anderson, M.C., Banker, R.D., Janakiraman, S. (2003). Are selling, general and administrative cost sticky? Journal of Accounting Research, 41, 47–63.
Anderson, M. C., Banker, R. D., Huang, R., & Janakiraman, S. N. (2007). Cost Behavior and Fundamental Analysis of SG&A Costs. Journal of Accounting, Auditing and Finance, 22(1), 1-28.
Balakrishnan, R., Peterson, M.J. & Soderstrom, N.S. (2004). Does capacity utilization affect the stickiness of cost?. Journal of Accounting, Auditing and Finance, (19) 3, 283–299.
Banker, R.D. & Byzalov, D. (2014). Asymmetric cost behavior. Journal of Management Accounting Research, (26) 2, 43-79.
Banker, R. D., Byzalov, D., Cifti, M. & Mashruwala, R. (2014). The Moderating Effect of Prior Sales Changes on Asymmetric Cost Behavior. Journal of Management Accounting Research, 26(2), 221-242.
Banker, R. D., & Chen, L. (2006). Predicting Earnings Using a Model Based on Cost Variability and Cost Stickiness. The Accounting Review, 81(2), 285-307.
Bontis, Nick (1998). Intellectual capital: An exploratory study that develops measures and models. Management Decision, (36) 2, 63- 76
Cheung, J., Kim, H., Kim, S. & Huang, R. (2016). Is the Asymmetric Cost Behavior Affected by Competition? Asia-Pasific Journal of Accounting & Economics, 23, 1-17.
Cooper, R. & Kaplan, R. S. (1992). Activity Based Cost Systems: Measuring the Cost of Resource Usage. Accounting Horizons, 6, 1-13.
Edvinsson, L. & Malone, M. (1997). Intellectual Capital. Realizing Your Company’s True Value by Findings it's Hidden Brainpower. Harper Collins Publishers, Inc., New York.
Fazeli, N. Taheri, Z. (2017). Evaluating the Effectiveness of Different Models of Measuring the Economic Value of Organization Capital and Stickiness Behavior of Selling, General & Administration Expenses in Tehran Security Exchange, Management Accounting Journal,10(32), 13-28.
Ghaemi, M.H, Nematolahi, M. (2006). Investigating the Behavior of Selling, General & Administration Expenses in Tehran Security Exchange, Journal of Accounting Study, 4(16), 71-89.
Kamyabiniya, Y. Tavakolniya, E. (2015). Cost Stickiness and Asymmetric of Expense, Volume & Profit, Journal of Empirical Studies of Financial Accounting, 12(48), 145-164.
Khani, A. Shafiee, H. (2013). Investigating the Information Content of Selling, General & Administration Expenses in Tehran Security Exchange, Journal of Knowledge of Management Accounting & Auditing, 2(5), 15-25
Lev, B., Radhakrishnan, S., Zhang, W. (2009). Organization capital. Abacus 45: 275–298.
Medeiros, O. R., & Costa, P. S. (2004). Cost stickiness in Brazilian firms. Available at SSRN: http://ssrn.com/id=632365
Namazi, M. Ebrahimi, SH. (2011). Empirical Study of the Role of Intellectual Capital Components in Evaluating of Financial Operating in Listed Company of Tehran Security Exchange, Journal of Accounting Progress, 3(2), 163-197.
Pulic, A. (2000). VAIC-An Accounting Tool for IC Management. International Journal of Technology Management, 20(5-8), 702-714.
Ramezani, J. Taheri, M. (2016). Surveying the Relation between Organization Capital and Cost Stickiness in Companies Listed in Tehran Stock Exchange, Journal of New Research in Accounting & Management, 6, 137-166.
Ren, J.-y. (2008). Measure Research in Regional Intellectual Capital on the Basis of Multifactor Level Fuzzy Evaluation Method. Fifth International Conference on Fuzzy Systems and Knowledge Discovery, 3, pp. 589 - 593.
Sadri, Ali. Tamimi, M. (2015). Surveying the Factor Affecting on Expenses’ Stickiness & Behavior in Tehran Stock Exchange, First International Accounting Conference, Economic & Management Auditing, Esfahan, Secretariat of Conference.
Sepasi, S. Sakineh, Sh. (2014). Empirical Test of Cost Stickiness: Evidence of Tehran Stock Exchange, Accounting Empirical Research Journal, 3 (12), 163-177.
Stewart, T. A. (1997). Intellectual Capital: The New Wealth of Organizations. Bantam Doubleday Dell Publishing Group, New York.
Venieris, Vasilios Christos Naoum, Orestes Vlismas. (2015), Organization capital and sticky behavior of selling, general and administrative expenses, Management Accounting Research. 26, 54–82.
Weiss, D. (2010). Cost Behavior and Analysts' Earnings Forecasts. The Accounting Review, 85(4), 1441-1471.
Zanjirdar, M,. Ghaffari Ashtiyani P. Zahra, M. (2014). Investigating and Analyzing Factors Affecting on Cost Stickiness, Management Accounting Journal, 7(20), 79-91.
Pourbagherian, A., & Nikbakht, M. (2022). Investigating the Effect of Intellectual Capital on Stickiness of Companies' Operation Expenses. International Journal of Finance & Managerial Accounting, 7(24), 117-132.
MLA
Alireza Pourbagherian; Mohammadreza Nikbakht. "Investigating the Effect of Intellectual Capital on Stickiness of Companies' Operation Expenses". International Journal of Finance & Managerial Accounting, 7, 24, 2022, 117-132.
HARVARD
Pourbagherian, A., Nikbakht, M. (2022). 'Investigating the Effect of Intellectual Capital on Stickiness of Companies' Operation Expenses', International Journal of Finance & Managerial Accounting, 7(24), pp. 117-132.
VANCOUVER
Pourbagherian, A., Nikbakht, M. Investigating the Effect of Intellectual Capital on Stickiness of Companies' Operation Expenses. International Journal of Finance & Managerial Accounting, 2022; 7(24): 117-132.
)