بررسی تأثیر عدم‌اطمینان متغیرهای کلان اقتصادی بر رفتار چسبندگی هزینه

پژوهش های مالی و رفتاری در حسابداری

مقاله 5، دوره 1، شماره 1، شهریور 1400، صفحه 68-86   

نوع مقاله: مقاله پژوهشی

شناسه دیجیتال (DOI): 10.30486/fbra.2021.1932472.1010

نویسندگان

بهزاد رضازاده¹؛ شکراله خواجوی^{* 2}؛ اله کرم صالحی³

¹گروه حسابداری، واحد بین المللی خرمشهر، دانشگاه آزاد اسلامی، خرمشهر، ایران

²استاد گروه حسابداری، دانشگاه شیراز، شیراز، ایران

³گروه حسابداری، واحد مسجد سلیمان، دانشگاه آزاد اسلامی، مسجدسلیمان، ایران

چکیده

هدف این پژوهش، بررسی تأثیر عدم ‌اطمینان متغیرهای کلان اقتصادی بر چسبندگی هزینه‌ها با استفاده از رگرسیون دو مرحله‌ای فاما- مکبث در شرکت‌های پذیرفته شده در بورس اوراق بهادار تهران است. برای اندازه‌گیری عدم‌اطمینان متغیرهای کلان اقتصادی از چهار معیار رشد تولید ناخالص ملی، نرخ تورم، نرخ ارز و نرخ بهره با استفاده از شاخص‌های آرچ و گارچ استفاده شده است. بدین منظور فرضیه‌ای برای بررسی این موضوع تدوین شده و داده‌های مربوط به 108 شرکت عضو بورس اوراق بهادار تهران در فاصلۀ سال‌های 1390 تا 1398 تجزیه و تحلیل شده است. الگوی رگرسیون پژوهش با استفاده از روش دو مرحله‌ای فاما‌-‌ مکبث آزمون شده است. نتایج به دست آمده نشان می‌دهد معیارهای عدم‌اطمینان اقتصادی چون رشد تولید ناخالص ملی، نرخ تورم، نرخ ارز و نرخ بهره تأثیر مثبت و معناداری بر چسبندگی هزینه‌ها دارند. بنابراین نتایج پژوهش گویای آن است که عدم‌ اطمینان متغیرهای کلان اقتصادی موجب افزایش چسبندگی هزینه‌ها می‌شود.

کلیدواژه‌ها

عدم‌اطمینان اقتصادی؛ رشد اقتصادی؛ نرخ تورم؛ نرخ ارز و چسبندگی هزینه‌ها

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