| dc.description.abstractEN | This thesis examines the alternative theory of cost behavior known as sticky cost theory. Unlike the traditional theory, in which cost change is symmetric with volume change, this theory assumes that managerial decisions about the amount of resources used affect costs, resulting in asymmetric changes relative to sales. Empirical studies on this topic have demonstrated the applicability of this theory in the business world, while further research is an important endeavor to strengthen the foundation. Thus, the following study seeks to understand asymmetric cost behavior by examining the theoretical and empirical literature that exists on the subject, as well as the means from conducting an empirical analysis. More specifically, the first part of the paper presents the relevant literature from its first detailed appearance to the present day, with references to numerous research articles that have shaped the theory in its modern form. In the second part, an empirical investigation is conducted to examine this theory in shipping companies. This study provides a foundational exploration of a crucial issue with a comprehensive examination of both theoretical underpinnings and empirical evidence, with a specific focus on shipping companies during the period 2012-2022. | el |
