The Cost Stickiness Phenomenon

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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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.

• Accounting
• Cost Stickiness
• asymmetrische Kostenreaktion

• Cologne, Germany

  Daniel Baumgarten

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).

 

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