Resumen

RICHARTZ, Fernando  y  BORGERT, Altair. Cost behavior in brazilian companies listed on the BM & FBOVESPA between the years of 1994 and 2011 with emphasis on sticky costs. Contad. Adm [online]. 2014, vol.59, n.4, pp.39-70. ISSN 0186-1042.

By an accurate survey, this study aims to analyze how costs behave brazilian companies listed on the BM & FBOVESPA between years of 1994 and 2011. In order to do this, diverse economic and financial information available in the form of reports was gathered, but which has not yet gone through any statistical analysis, for a longitudinal analysis that includes a period of 18 years. The results are presented in two axes, in which the first one indicates costs behavioral tendencies and the second one analyzes their symmetry. The results showed that the Cost of Goods Sold (CPV, for Portuguese) presents a strong declining trend; Expenses Sales are directly related to the area (essential goods or monopoly, for example); Administrative Expenses have a slight declining trend. In relation to sticky costs, when performing an overview with the companies studied, the theory proposed by Anderson, Banker and Janakiraman (2003) is partially applied, since, for varying levels of revenue up to 10% the asymmetry is confirmed.

Palabras llave : cost behavior; brazilian companies listed on the BM & FBOVESPA; sticky costs.