Investigating the effect of economic uncertainty on cost stickiness with emphasis on the moderating role of ownership concentration

Subject Areas : Corporate governance

Amir reza Emami ¹ , Mohammad Hossein Setayesh ²

1 - Master's student in accounting, Shiraz University, Shiraz, Iran
2 - Professor, Department of Accounting, Shiraz University, Shiraz, Iran

Received: 2023-09-26 Accepted : 2023-12-02 Published : 2023-11-22

Keywords: Economic uncertainty, stock exchange, Concentration of Ownership, Cost stickiness,

Abstract :

The abstract of this research aims to examine the impact of economic uncertainty on cost stickiness with the moderating role of ownership concentration. The target population in this study consists of one hundred companies listed on the Tehran Stock Exchange over a six-year period. Multivariate correlation and regression were used to test the research hypotheses, and Excel and EVIEWS 10 software were used for data analysis and extracting research results. The results of the study indicate a direct and significant relationship between economic uncertainty and cost stickiness. Furthermore, the test results show that ownership concentration has a negative and significant effect on the relationship between cost stickiness and economic uncertainty. Therefore, it can be stated that an increase in economic uncertainty leads to an increase in cost stickiness. The findings of this study suggest a strong and positive relationship between macroeconomic uncertainty variables and cost stickiness. Additionally, with an increase in economic uncertainty, ownership concentration leads to a decrease in cost stickiness.