A Model for Cost Stickiness Based on Intellectual Capital

One of the fundamental issues in the section of management accounting is to explaining the expenses’ behavior and estimating the amounts of expenses in order to compute the companies’ operation budget. This research intends to investigate the effect of Intellectual Capital on stickiness of companies’ cost of goods sold, also present one model to explaining the asymmetric behavior for aforementioned expense with the maximum ability to estimate. 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 Andeson’s and Banker’s base model, the depended variable is considered the growth of cost of goods sold. The independent variables are included the intellectual capital, organization capital, financial & physical capital and human capital. Also the variable of decreasing in sale for one period considered as a dummy variable. The hypotheses of research analyzed with using of multi-regression and Panel Data methods. Results indicate the existence of anti-stickiness behavior in firms of Tehran stock exchange. Also, there is meaningful relation between intellectual capital, organization capital human capital with stickiness of cost of goods sold, while the impact of physical and financial capital on the stickiness of costs mentioned was not meaningful.