, general, and administrative costs to adjust their cost structures and modify both their assets and labor costs to achieve high …

-in-place are reduced. We find that changes in SG&A costs separate between the two cost drivers, and that the explanatory power of … of the single-driver cost behavior model. Similar insights are obtained when we replace SG&A costs with employee … headcount or employee costs as the cost measure of interest. In all cases, we find that the cost inertia term is significantly …

occur even when lender-imposed costs are relatively lower, consistent with the act of default itself triggering shareholder … and auditor uncertainty. The results highlight costs to the firm of having bright-line rules in contracts, and add to an …

Costs are sticky on average, i.e., they fall less for sales decreases than they rise for equivalent sales increases. We …, we predict that firms with higher resource adjustment costs and stickier costs pay lower dividends than their peers … this prediction. Further, using a regression discontinuity design that exploits variation in labor adjustment costs …

maturities. Despite these costs, my inferences do not imply that the ECL paradigm is socially undesirable …

provide the local use of the energy and regional development. The costs of establishing renewable energy sources such as … are evaluated in terms of the appropriateness of investment and the approximate establishment costs are obtained and the …

We synthesize the growing literature on asymmetric cost behavior — a new way of thinking about costs and, by extension …, earnings. While the traditional cost behavior model describes a mechanistic relation between activity and costs, this … alternative view recognizes the primitives of cost behavior — resource adjustment costs and managerial decisions. These primitives …