Asymmetric Cost Behavior Implications for the Credit and Financial

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 toda

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Kristina Reimer

Asymmetric Cost Behavior Implications for the Credit and Financial Risk of a Firm

Quantitatives Controlling Series editor C. Homburg, Köln, Germany

The series serves as a panel for outstanding research in the field of accounting. The underlying concept of accounting goes beyond the scope of traditional corporate accounting including, for instance, aspects of behavior control. The series focuses on quantitative analyses of current topics in management and financial accounting and considers both analytical and empirical research designs. Edited by Univ.-Prof. Dr. Carsten Homburg Universität zu Köln

More information about this series at http://www.springer.com/series/12419

Kristina Reimer

Asymmetric Cost Behavior Implications for the Credit and ­Financial Risk of a Firm With a foreword by Univ.-Prof. Dr. Carsten Homburg

Kristina Reimer Köln, Germany Dissertation Universität zu Köln 2017

Quantitatives Controlling ISBN 978-3-658-22821-7 ISBN 978-3-658-22822-4  (eBook) https://doi.org/10.1007/978-3-658-22822-4 Library of Congress Control Number: 2018948631 Springer Gabler © Springer Fachmedien Wiesbaden GmbH, part of Springer Nature 2019 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer Gabler imprint is published by the registered company Springer Fachmedien ­Wiesbaden GmbH part of Springer Nature The registered company address is: Abraham-Lincoln-Str. 46, 65189 Wiesbaden, Germany

Geleitwort Die vorliegende Dissertation beschäftigt sich mit dem Phänomen des asymmetrischen Kostenverhaltens (Kostenremanenz) und den Auswirkungen dieses Phänomens auf das Kredit- und Finanzrisiko eines Unternehmens. Die Arbeit ist in sechs Kapitel unterteilt. Nach der Einführung werden die theoretischen Grundlagen der Kostenremanenz sowie die Grundlagen des Kreditrisikos dargestellt. Die Arbeit beinhaltet weiterhin zwe