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Showing 1 to 4 of 4 for “"Cost stickiness"”.

  1. Asymmetry In Operational Efficiency and Managerial Ability Benchmarks

    … a demand decrease than a demand increase due to cost stickiness and respond faster to negative returns than to positive returns due to accounting conservatism. As predicted, I find large asymmetries in the behavior of OE and MA measures. OE and MA in levels (changes) are 2.4 (1.4) times and 1.5 …

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  2. Three essays in financial economics

    … the first project, I examine whether aggregate cost stickiness predicts future macro-level unemployment rate. I find that a one-standard-deviation-higher cost stickiness in recent quarters is followed by a 0.23 to 0.26-percentage-point-lower unemployment rate in the current and following …

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  3. ESSAYS ON CORPORATE INNOVATION

    … firms’ decisions on mergers and acquisitions and cost stickiness, as well as how gender disparity affects innovation outcomes by female inventors.The first chapter (with Connie X. Mao, Xuan Tian, Chi Zhang) studies the effects of information frictions on acquisition activities by exploiting …

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  4. Implications of Sticky Cost Behavior for Earnings Surprise and Market Reaction

    This dissertation examines the cost behavior model implicit in analysts' and investors' decisions. Even though a cost behavior model that recognizes fixed and variable costs and cost stickiness can provide more accurate earnings forecasts, analysts and investors cannot fully capture sticky cost

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