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The Information Content of the SG&A Ratio

The Information Content of the SG&A Ratio


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About the Book

Studienarbeit aus dem Jahr 2010 im Fachbereich BWL - Rechnungswesen, Bilanzierung, Steuern, Universität zu Köln, Veranstaltung: "The Observation of "Cost Stickiness" and its Implications on Cost Analysis", Sprache: Deutsch, Abstract: Üblicherweise wird in der Kostenrechnung von einem linearen oder gar proportionalen Zusammenhang zwischen Kosten und Produktionsmenge ausgegangen. Kommt es hingegen dazu, "... dass die Kosten bei einem Mengen- bzw. Absatzrückgang nicht im gleichen Maße zurückgehen, wie sie zuvor bei einer Mengen- bzw. Absatzsteigerung gleichen Ausmaßes zugenommen haben", so spricht man von "Cost Stickiness" oder Kostenremanenz. Anfänglich wurden Studien zum generellen Nachweis dieses Phänomens auf der Basis von Krankenhausdaten im Bundesstaat Washington, USA durchgeführt, später aber auch auf Branchen übergreifender Basis speziell in Bezug auf die Gemeinkosten für Verwaltung und Vertrieb (SG&A Costs). Da deren Verhältnis zum Umsatz Bedeutung für die Gewinnprognose eines Unternehmens sowohl durch das Management, als auch durch externe Analysten im Rahmen der Fundamentalanalyse zukommt, sind sie vielfach Gegenstand der Untersuchungen hinsichtlich des Phänomens der Kostenremanenz. Im internationalen Vergleich wurden in weiteren Studien Faktoren wie unterschiedliche gesetzliche Regelungen bezüglich des Kündigungsschutzes oder der Corporate Governance erkannt, die zu unterschiedlichen Ausprägungen der Kostenremanenz führen. Andere Studien wurden durchgeführt, um festzustellen, ob der Geschäftsbereich, in dem die Kosten anfallen, einen Einfluss auf die Stärke der Kostenremanenz hat, oder ob Manager durch ihre Entscheidungen bezüglich der Kostenstruktur des jeweiligen Unternehmens die Kostenremanenz induzieren, was auch ein Agency-Problem bedeuten kann. Nachfolgend werden die Begriffe SG&A Costs und Ursachen der Kostenremanenz erläutert. Anschließend wird das Modell von Baumgarten/Bonenkamp/Homburg (2009), welches die Kostenremanenz der SG&A


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Product Details
  • ISBN-13: 9783640842629
  • Publisher: Grin Publishing
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 4 mm
  • Width: 148 mm
  • ISBN-10: 3640842626
  • Publisher Date: 24 Feb 2011
  • Height: 210 mm
  • No of Pages: 64
  • Series Title: German
  • Weight: 145 gr


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