The Cost Stickiness Phenomenon: Causes, Characteristics, and Implications for Fundamental Analysis and Financial Analysts' Forecasts

The Cost Stickiness Phenomenon: Causes, Characteristics, and Implications for Fundamental Analysis and Financial Analysts' Forecasts

by Daniel Baumgarten

Paperback(2012)

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Overview

Understanding cost behavior is a fundamental element of cost accounting and the management of a firm. Deviating from the traditional assumption of symmetric cost behavior, numerous recent research studies show that costs are sticky, that is, they decrease less when sales fall than they increase when sales rise. Daniel Baumgarten comprehensively analyzes the cost stickiness phenomenon by discussing its development and all relevant findings presented in the research literature. Furthermore, he provides several suggestions for future research and discusses important implications of cost stickiness for fundamental analysis and analysts’ forecasts by means of two comprehensive empirical analyses.

Product Details

ISBN-13: 9783834941305
Publisher: Gabler Verlag
Publication date: 04/21/2012
Series: Quantitatives Controlling , #2
Edition description: 2012
Pages: 105
Product dimensions: 5.83(w) x 8.27(h) x 0.01(d)

About the Author

Dr. Daniel Baumgarten received his doctoral degree from the University of Cologne under the supervision of Prof. Dr. Carsten Homburg (Department of Business Administration and Management Accounting).

Table of Contents

Structured Review of the Cost Stickiness Phenomenon

Cost Stickiness and the Information Content of the SG&A Ratio

Cost Stickiness and Analysts' Implied Forecasts

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