<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422016000400682</article-id>
<article-id pub-id-type="doi">10.1016/j.cya.2016.06.007</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Sticky costs in cost behavior of the largest companies in Brazil, Chile and Mexico]]></article-title>
<article-title xml:lang="es"><![CDATA[Los sticky costs en el comportamiento de los costos de las empresas más grandes de Brasil, Chile y México]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Pamplona]]></surname>
<given-names><![CDATA[Edgar]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Fiirst]]></surname>
<given-names><![CDATA[Clóvis]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Silva]]></surname>
<given-names><![CDATA[Thiago Bruno de Jesus]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Zonatto]]></surname>
<given-names><![CDATA[Vinícius Costa da Silva]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,University of Blumenau  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Brazil</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2016</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2016</year>
</pub-date>
<volume>61</volume>
<numero>4</numero>
<fpage>682</fpage>
<lpage>704</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422016000400682&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422016000400682&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422016000400682&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: The study investigates the costs behavior of the 50 largest publicly traded companies in Brazil, Chile and Mexico respectively listed on the BM&amp;FBovespa, the Santiago Stock Exchange and Mexican Stock Exchange, with emphasis on analysis of sticky costs. Research was carried out with documentary analysis and quantitative data approach, making use of statistical methods for analysis as panel data. A collection from a longitudinal analysis of economic and financial information provided by companies in the reports published between 2002 and 2013 was endured. It was found that the cost behavior of the largest Brazilian companies on the average of 12 years has the lowest relationship between Total Costs (TC)/Net Sales Revenue (NSR), however, in the last two years of analysis, 2012/2013, the Mexican companies showed better relationship between TC/NSR. The trend of TC/NSR relation to Brazilian companies is growing, with steeply sloping, while for Mexican companies is gently descending. Chilean companies mostly had the highest TC/NSR, with a growing trend, which indicates that they operate with lower operating profit margin compared to other Brazilian and Mexican companies. Regarding the sticky costs, it is concluded that the behavior of costs in the largest publicly traded companies in Brazil, Chile and Mexico are asymmetrical and rising costs through to the increase in net sales is higher when compared with the reduction of costs due to a proportional reduction in net sales, accepting the understanding of the sticky costs approach. On the whole, total costs are less rigid in Brazilian companies when compared with other companies, being the Chilean the ones with greater rigidity. Finally, it appears that macroeconomic factors are important in determining the differences in the behavior of asymmetric costs of firms in different countries.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: El estudio investiga el comportamiento de los costos de las 50 mayores empresas que cotizan en las bolsas de Brasil, Chile y México, respectivamente, listadas en la BMF&amp;Bovespa, la Bolsa de Santiago y la Bolsa Mexicana, con énfasis en el análisis de los sticky costs. La investigación se realizó con análisis documental y cuantitativo, llevado a cabo con métodos estadísticos como el análisis de datos en panel. A partir de un análisis longitudinal se procedió a la recopilación de la información económica y financiera de las empresas en los informes publicados entre 2002 y 2013. Se encontró que el comportamiento de costos de las mayores empresas brasileñas presenta, en el promedio de los 12 años, la menor relación entre costos totales (CT)/ingresos líquidos de ventas (RLV), sin embargo, en los últimos 2 años de análisis, 2012/2013, las empresas mexicanas mostraron la mejor relación entre CT/RLV. La tendencia de relación CT/RLV de las empresas brasileñas es cada vez mayor, con fuerte inclinación, mientras que para las empresas mexicanas está disminuyendo suavemente. Empresas chilenas en su mayoría tuvieron la mayor relación CT/RLV, con tendencia creciente, lo que indica que operan con margen de beneficio operacional menor en comparación con otras empresas de Brasil y México. En cuanto el análisis de los sticky costs, se concluye que el comportamiento de los costos en las empresas que cotizan en bolsa más grandes de Brasil, Chile y México es asimétrico y el aumento de los costos a través del incremento en las ventas líquidas operacionales es mayor en comparación con la reducción de los costos debido a una disminución proporcional de las ventas líquidas, aceptando la comprensión del sticky costs. También los costos totales son menos rígidos en las empresas brasileñas en comparación con otras empresas; las empresas chilenas son aquellas con mayor rigidez. Por fin, se infiere que los factores macroeconómicos son importantes para determinar las diferencias en el comportamiento de los costos asimétricos de empresas de diferentes países.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Behavior of the costs]]></kwd>
<kwd lng="en"><![CDATA[Sticky costs]]></kwd>
<kwd lng="en"><![CDATA[Macroeconomic determinants of sticky costs]]></kwd>
<kwd lng="en"><![CDATA[Largest Brazilian]]></kwd>
<kwd lng="en"><![CDATA[Chilean and Mexican companies]]></kwd>
<kwd lng="es"><![CDATA[Comportamiento de los costos]]></kwd>
<kwd lng="es"><![CDATA[Sticky costs]]></kwd>
<kwd lng="es"><![CDATA[Determinantes macroeconómicos de los sticky costs]]></kwd>
<kwd lng="es"><![CDATA[Las mayores empresas de Brasil]]></kwd>
<kwd lng="es"><![CDATA[Chile y México]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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