Argilés Bosch, Josep Ma.; García Blandón, Josep; … - In: Estudios de economía 44 (2017) 1, pp. 81-104
This study analyses cost stickiness under the dilemma between current profitability and future sales increase. When … activity decreases firms are faced to keep profitability adjusting resources, while they should also consider long term … future opportunities. We find empirical evidence that changes in current firm profitability and one year ahead sales increase …