Shijun Cheng
Does access to capital affect cost stickiness? Evidence from China
Cheng, Shijun; Jiang, Wei; Zeng, Yeqin
Abstract
We study the effect of limited access to capital on firm cost stickiness, using data from a large sample of Chinese private firms over 1998–2007. Our results show that on average SG&A costs are anti-sticky. For firms in regions with lower levels of financial development, SG&A costs have lower sensitivity to sales increases and exhibit lower stickiness. Overall our findings suggest access to capital as an important determinant of cost stickiness.
Citation
Cheng, S., Jiang, W., & Zeng, Y. (2018). Does access to capital affect cost stickiness? Evidence from China. Asia-Pacific Journal of Accounting & Economics, 25(1-2), 177-198. https://doi.org/10.1080/16081625.2016.1253483
Journal Article Type | Article |
---|---|
Acceptance Date | Oct 15, 2016 |
Online Publication Date | Nov 15, 2016 |
Publication Date | Jan 10, 2018 |
Deposit Date | Sep 21, 2018 |
Publicly Available Date | Sep 26, 2018 |
Journal | Journal of Accounting and Economics |
Print ISSN | 1608-1625 |
Electronic ISSN | 2164-2257 |
Publisher | Taylor and Francis Group |
Peer Reviewed | Peer Reviewed |
Volume | 25 |
Issue | 1-2 |
Pages | 177-198 |
DOI | https://doi.org/10.1080/16081625.2016.1253483 |
Public URL | https://durham-repository.worktribe.com/output/1318556 |
Related Public URLs | http://centaur.reading.ac.uk/67567/ |
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Copyright Statement
This is an Accepted Manuscript of an article published by Taylor & Francis in Asia-Pacific Journal of Accounting & Economics on 15 Nov 2016, available online: http://www.tandfonline.com/10.1080/16081625.2016.1253483.
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