The Cost Stickiness Phenomenon

Causes, Characteristics, and Implications for Fundamental Analysis and Financial Analysts’ Forecasts

  • Daniel Baumgarten

Part of the Quantitatives Controlling book series (QC)

Table of contents

  1. Front Matter
    Pages I-XXIV
  2. Daniel Baumgarten
    Pages 1-5
  3. Daniel Baumgarten
    Pages 7-34
  4. Daniel Baumgarten
    Pages 93-96
  5. Back Matter
    Pages 97-105

About this book


Understanding cost behavior is a fundamental element of cost accounting and the management of a firm. Deviating from the traditional assumption of symmetric cost behavior, numerous recent research studies show that costs are sticky, that is, they decrease less when sales fall than they increase when sales rise. Daniel Baumgarten comprehensively analyzes the cost stickiness phenomenon by discussing its development and all relevant findings presented in the research literature. Furthermore, he provides several suggestions for future research and discusses important implications of cost stickiness for fundamental analysis and analysts’ forecasts by means of two comprehensive empirical analyses.


Accounting Cost Stickiness asymmetrische Kostenreaktion

Authors and affiliations

  • Daniel Baumgarten
    • 1
  1. 1.CologneGermany

Bibliographic information

Industry Sectors
Chemical Manufacturing
Finance, Business & Banking
Consumer Packaged Goods