Chen, Yufeng; Ma, Yanbai - In: Journal of business economics and management 22 (2021) 5, pp. 1231-1251
manufacturing listed firms in China from 2009 to 2017 are used here to explore the impact of financing constraints on cost … stickiness. This paper finds that internal financing constraints have a significant promoting effect on cost stickiness, while … debt financing constraints and equity financing constraints have a significant restraining effect on cost stickiness. The …