H3:

Stickiness of SGA is higher in companies with higher level of total assets. For acceptance of this hypothesis, in model (2.a) β₁ should be >0, β₂ < 0 and β₄ < 0.

H4:

Stickiness of COGS is higher in companies with higher level of total assets. For acceptance of this hypothesis, in model (2.b) β₁ should be >0, β₂ < 0 and β₄ < 0.

H5:

Stickiness of SGA is lower in companies with higher level of total debts. For acceptance of this hypothesis, in model (2.a) β₁ should be >0, β₂ < 0 and β₅ > 0.

H6:

Stickiness of COGS is lower in companies with higher level of total debts. For acceptance of this hypothesis, in model (2.b) β₁ should be >0, β₂ < 0 and β₅ > 0.

H7:

Stickiness of SGA is higher in companies with higher level of total cash-flow. For acceptance of this hypothesis, in model (2.a) β₁ should be >0, β₂ < 0 and β₆ < 0.

H8:

Stickiness of COGS is higher in companies with higher level of total cash-flow. For acceptance of this hypothesis, in model (2.b) β₁ should be >0, β₂ < 0 and β₆ < 0.