Does commodity price volatility affect textile cost behavior?

作者：Reis Luiza Santangelo^*; Good Kevin Joseph; Borgert Altair; Richartz Fernando

来源：Custos e Agronegocio, 2016, 12(3): 193-216.

• Commodities
• Cost Behavior
• Textile Industry

An understanding of the factors that affect cost behavior stands to benefit managers, particularly in the textile industry, given its pronounced use of commodities goods as a significant share of inputs to the production process. As such, this study seeks to determine the degree to which cotton and petroleum price variations affect cost behavior in textile companies listed in the Yarn and Fabric segment of the Sao Paulo Stock Exchange (BM&FBOVESPA), during the years of 1995-2014. A multiple regression analysis was applied to the quantitative data as a statistical method in order to identify the relationship between the variables in question. The results show that petroleum and cotton price variations explain but 3.2% of the change in cost behavior. In order to obtain more substantial results, the initial findings underwent factor analysis, which yielded evidence that just 4.9% of the variation in petroleum and cotton prices bears an influence on cost behavior in the companies in question. Hence, a weak relationship between the variables in question was shown. As such, the possibility of cost increases having been passed on to final consumers merits consideration, despite its detection not being possible by the techniques employed in this study.

• 出版日期2016-9