연구개발 집약도가 높은 쇠퇴기 기업들의 원가형태Cost Behavior of Decline-Stage firms with High R&D Intensity
- Other Titles
- Cost Behavior of Decline-Stage firms with High R&D Intensity
- Authors
- 오상훈; 이성욱
- Issue Date
- Sep-2021
- Publisher
- 경영경제연구소
- Keywords
- Cost Stickiness; Decline; Firm Life Cycle; R&; \D intensity
- Citation
- 아태비즈니스연구, v.12, no.3, pp 397 - 415
- Pages
- 19
- Indexed
- KCI
- Journal Title
- 아태비즈니스연구
- Volume
- 12
- Number
- 3
- Start Page
- 397
- End Page
- 415
- URI
- https://scholarworks.bwise.kr/erica/handle/2021.sw.erica/114353
- DOI
- 10.32599/apjb.12.3.202109.397
- ISSN
- 2233-5900
2384-3934
- Abstract
- Purpose - The purpose of this study is to analyze the cost behavior of firms, taking into account both high R&D intensity and situations in which R&D activities are likely to be performed efficiently. Design/methodology/approach - During the sample period from 2002 to 2019, regression analysis is conducted on the manufacturing firms with December fiscal year listed on KOSDAQ. The degree of R&D expenditure was measured by R&D intensity. The efficient R&D situation is measured as the decline stage firms in the KOSDAQ market, which are relatively smaller than the KOSPI market. Findings ? Firms in the decline phase and high R&D intensity showed the cost stickiness. Because these firms anticipate an optimistic future, they do little to cut current costs even if their current sales decrease. Research implications or Originality - Firstly, it is confirmed that both the extent of R&D expenditure and the situation in which R&D will be effectively performed are important in the study of cost behavior. Secondly, we present a new perspective on strategy research that favors the use of cost advantage strategy related to cost anti-stickiness for the decline firms.
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