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The Cost Stickiness Phenomenon

Causes, Characteristics, and Implications for Fundamental Analysis and Financial Analysts‘ Forecasts

  • Book
  • © 2012

Overview

Authors:
  1. Daniel Baumgarten

    1. Cologne, Germany

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  • Publication in the field of economic sciences

Part of the book series: Quantitatives Controlling (QC)

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Table of contents (5 chapters)

  1. Front Matter

    Pages I-XXIV
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  2. Introduction

    • Daniel Baumgarten
    Pages 1-5

  3. The Cost Stickiness Phenomenon

    • Daniel Baumgarten
    Pages 7-34

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

    • Daniel Baumgarten
    Pages 35-64

  5. Cost Stickiness and Analysts’ Implied Cost Forecasts

    • Daniel Baumgarten
    Pages 65-91

  6. Concluding Remarks

    • Daniel Baumgarten
    Pages 93-96

  7. Back Matter

    Pages 97-105
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Keywords

About this book

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.

Authors and Affiliations

  • Cologne, Germany

    Daniel Baumgarten

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).

 

Bibliographic Information

  • Book Title: The Cost Stickiness Phenomenon

  • Book Subtitle: Causes, Characteristics, and Implications for Fundamental Analysis and Financial Analysts‘ Forecasts

  • Authors: Daniel Baumgarten

  • Series Title: Quantitatives Controlling

  • DOI: https://doi.org/10.1007/978-3-8349-4131-2

  • Publisher: Gabler Verlag Wiesbaden

  • eBook Packages: Business and Economics, Business and Management (R0)

  • Copyright Information: Gabler Verlag | Springer Fachmedien Wiesbaden 2012

  • Softcover ISBN: 978-3-8349-4130-5Published: 27 April 2012

  • eBook ISBN: 978-3-8349-4131-2Published: 23 April 2012

  • Series ISSN: 2945-8390

  • Series E-ISSN: 2945-8404

  • Edition Number: 1

  • Number of Pages: XXIV, 105

  • Number of Illustrations: 4 b/w illustrations

  • Topics: Accounting/Auditing

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