Have estimates of cost stickiness changed across listing cohorts?

Faculty/Professorship: International Accounting and Auditing  
Author(s): Hartlieb, Sven  ; Loy, Thomas R.
Publisher Information: Bamberg : opus
Year of publication: 2018
Pages: 21
Source/Other editions: Journal of Management Control, 29 (2018) 2, S. 161-181 - ISSN: 2191-4761, 2191-477X
is version of: 10.1007/s00187-018-0263-3
Language(s): English
DOI: 10.20378/irbo-52699
Licence: German Act on Copyright 
DOI: 10.1007/s00187-018-0263-3
URL: https://opus4.kobv.de/opus4-bamberg/frontdoor/i...
URN: urn:nbn:de:bvb:473-opus4-526995
While the discussion of changes in financial accounting properties over time is already well-established, there is a lack of evidence whether changing firm compositions in empirical samples might bias cost stickiness research. We document that with each additional listing cohort, the U.S. public firm universe becomes more knowledge-intensive and, at the same time, more cost sticky. Higher reliance on temporary labor by newer listing cohorts partly mitigates this development. Our results call for the use of listing cohort-specific slopes to allow for cohort-specific estimates of cost stickiness in future research.
GND Keywords: Unternehmenszusammenschluss; Kostenstruktur; Asymmetrische Information; Kohortenanalyse; Rechnungslegung
Keywords: Asymmetric cost behavior, Listing cohorts, Adjustment costs
DDC Classification: 330 Economics  
RVK Classification: QP 826   
Peer Reviewed: Ja
International Distribution: Ja
Type: Article
URI: https://fis.uni-bamberg.de/handle/uniba/44315
Year of publication: 2. October 2018

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