Does Managerial Ability Lead to Different Cost Stickiness Behavior? Evidence from ASEAN Countries

This study aims to test cost stickiness behavior under different managerial ability levels. Managerial plays an important role in resource-related decision making. Previous research assumes that managers exhibit similar abilities manage resources. However, with may make resource decisions, which leads More able can resources efficiently and deal shortages. also tests the effects of environmental uncertainty on Managers’ decisions must consider generate optimal returns. are more willing take risks uncertainty. Meanwhile, less tend retain cope We ran panel regression analysis 19,612 listed firm-year observations ASEAN countries from 2013 2019. The results show firms led by stickiness. Less cannot likely than costly adjustments. Further, effect is stronger managers. when sales decline.