The Asymmetrical Cost Behavior: Cost Stickiness in Indonesian Listed Manufacturing Companies

The asymmetrical behavior of cost or sticky cost is a condition, where costs increase more when the activity rises compared to the decrease when the activity falls. This research applies the study of Ratnawati& Nugrahanti (2015) by using the phenomenal framework of sticky cost from Anderson, Banker, & Janakiraman (2003) against the previous inconsistent results in Indonesian listed manufacturing companies. This research uses five years period from 2011-2015 withfifty three Indonesian listed manufacturing companies. The study use net sales revenue and asset intensity to capture the stickiness of period costs, namely selling, general, and administrative costs (SG&A) and product costs, namely cost of goods sold (COGS).The measurement of the study used in log linear panel data regression analysis. The result shows that the stickiness of selling, general, and administrative costs (SG&A) cannot be proven in overall, cost of goods sold (COGS) is found to behave anti-sticky, and asset intensity has no significant effect towards the degree of costs stickiness.