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Does Cost Stickiness Affect Credit Risk?

Chapter
Part of the Quantitatives Controlling book series (QC)

Abstract

In this chapter I conduct an empirical study, which investigates empirically the impact of asymmetric cost behavior on credit risk. In Section 4.2, I discuss the related literature and develop the research question. In Section 4.3, I describe the sample selection procedure, model specification, and variables measurement. I discuss the empirical results in Section 4.4, consider endogeneity in Section 4.5, document robustness in Section 4.6, and conclude in Section 4.7. Figure 4.1 illustrates the structure of this Chapter.

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Copyright information

© Springer Fachmedien Wiesbaden GmbH, part of Springer Nature 2019

Authors and Affiliations

  1. 1.Universität zu KölnKölnGermany

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