Have estimates of cost stickiness changed across listing cohorts?

Professorship/Faculty: International Accounting and Auditing  
Author(s): Hartlieb, Sven  ; Loy, Thomas R.
Publisher Information: Bamberg : OPUS
Year of publication: 2018
Page Count: 21
Source/Other editions: Ursprünglich in: Journal of Management Control 29 (2018) 2, S. 161-181
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.
SWD 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
Document Type: Other
URI: https://fis.uni-bamberg.de/handle/uniba/44315
Release Date: 17. August 2018

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