ENGLISH

Asymmetric Cost Behavior

By Kristina Reimer

Book information

Publisher
Springer Fachmedien Wiesbaden;Springer Gabler
Year
2019
ISBN
978-3-658-22821-7, 978-3-658-22822-4
Language
english
Format
PDF
Filesize
3 MB (2960369 bytes)
Series
Quantitatives Controlling
Edition
1st ed.
Pages
XXIV, 156\174
Time added
2018-08-15 07:07:45
Business and Management; Accounting/Auditing; Fina

Description

The thesis of Kristina Reimer provides a comprehensive analysis of asymmetric cost behavior (also known as cost stickiness) by discussing its origin and development in the theoretical and empirical research from the 1920s of the past century up until today. Further, using an empirical approach, she investigates the implications of asymmetric cost behavior for credit and financial risk of a firm. In addition, she provides an introduction into credit risk fundamentals by focusing on credit default swaps. Thereby she analyses the development of credit default swap market as well as the components of credit spreads. Finally, she provides several suggestions for future research. Front Matter ....Pages I-XXIV Introduction (Kristina Reimer)....Pages 1-4 Cost Stickiness Concept (Kristina Reimer)....Pages 5-37 Theoretical Foundations of Credit Risk Fundamentals and Methods of Determining Credit Risk (Kristina Reimer)....Pages 39-61 Does Cost Stickiness Affect Credit Risk? (Kristina Reimer)....Pages 63-106 Does Cost Stickiness Affect Financial Risk? (Kristina Reimer)....Pages 107-127 Concluding Remarks, Limitations, and Future Research (Kristina Reimer)....Pages 129-132 Back Matter ....Pages 133-156

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