Porporato, Marcela; Werbin, Eliana - In: International Journal of Financial Services Management 5 (2012) 4, pp. 303-320
. Recent studies on sticky costs challenged this assumption. This study shows that sticky costs were observed in banks of … that cost structure and macroeconomic climate might be valid explanations for cost behaviour. Banks with higher proportions … of fixed costs show lower reductions of costs when demand declines. Banks that operate in an uncertain economic …