Have estimates of cost stickiness changed across listing cohorts?

Faculty/Professorship: International Accounting and Auditing  
Author(s): Loy, Thomas R.; Hartlieb, Sven  
Title of the Journal: Journal of management control
ISSN: 2191-4761
Publisher Information: Berlin : Springer
Year of publication: 2018
Volume: 29
Issue: 2
Pages: 161-181
Language(s): English
DOI: 10.1007/s00187-018-0263-3
URL: https://opus4.kobv.de/opus4-bamberg/frontdoor/i...
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/44424
Year of publication: 11. September 2018