원가행태의 상방탄력성에 영향을 미치는 요인

[Purpose]The purpose of this study is to empirically analyze the effect of adjustments costs, financial characteristics of firm and audit quality on the asymmetric cost behavior. [Methodology]Most of previous studies have focused on the asymmetric cost behavior on the time of sales decreasing. But this study analyzes the asymmetric cost behavior on the time of sales increasing. [Findings]The results of the study are summarized as follows. First, employee intensity and tangible asset intensity increase the asymmetry of total cost and cost of goods sold. Second, cash flow increases the asymmetry of all costs and the debt ratio increases the asymmetry of total cost and cost of goods sold.Third, the debt ratio increases the asymmetry of total cost and cost of goods in the Big4 group, but it does not affect the asymmetry of cost behavior in the non－Big4 group. [Policy Implications]Previous studies have analyzed the cost reduction rate when sales decrease. But this study is meaningful because it analyzed the cost increase rate when sales increase. And this is also meaningful in the point that the cost behavior is analyzed from a new point of view to complement and extend the existing research.