السلوک غیر المتماثل للتکلفة وعلاقته بتمهید الدخل: دراسة تطبیقیة على الشرکات الصناعیة المصریة المسجلة فی سوق الأوراق المالیة

Abstract

This paper aimed to provide an empirical evidence on the existence of asymmetric cost behavior (sticky and anti-sticky cost) in the Egyptian Industiral companies listed in Egyptian Securities Exchange and examine the association between asymmetric cost behavior and income smoothing. The methodology of this study was based on an applied study to test the hypotheses where data was collected from a sample consists of (39) industrial listed companies during 2008-2017. The results showed that the behavior of total costs of insdustrial companies follows sticky cost behavior in some firms (22 firms) and follows the anti-sticky cost behavior in the others (17 firms). So the results provide evidence on the asymmetric cost behavior in the listed companies. The results showed also that there is a significant negative association between sticky total cost behavior and income smoothing. There is a significant postive association between antisticky total cost behavior and income smoothing. The study recommended the need to pay the asymmetric cost behavior due attention by all the dealers and users of the financial statements of industrial companies listed in Egyptian Securities Exchange in particular, and all the companies in general, and to be incorported into the analytical models they use in their work.