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Does access to capital affect cost stickiness? Evidence from China

Cheng, Shijun; Jiang, Wei; Zeng, Yeqin

Does access to capital affect cost stickiness? Evidence from China Thumbnail


Authors

Shijun Cheng

Wei Jiang



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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