The Impact of Corporate Social Responsibility on Cost Stickiness
(2021) BUSN79 20211Department of Business Administration
- Abstract
- Purpose: This paper studies the impact of corporate social responsibility on cost stickiness, as well as showing additional evidence of stickiness among European firms.
Methodology: OLS regression and fixed effects model.
Theoretical perspectives: The theoretical part of the study describe cost behavior, cost stickiness and corporate social responsibility from a stakeholder perspective.
Empirical foundation: The study is based on data from Thomson Reuters of the largest 600 European companies in the STOXX Europe 600 index between 2002 and 2020.
Conclusions: SG&A (Selling, General & Administrative) cost stickiness is present among European firms, but firms with higher ESG ratings are associated with lower cost stickiness.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9051813
- author
- Aurenz, Patrick LU and Magnusson, Andreas LU
- supervisor
- organization
- course
- BUSN79 20211
- year
- 2021
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Cost Stickiness, Asymmetric Costs, ESG, CSR, Cost Behavior
- language
- English
- id
- 9051813
- date added to LUP
- 2021-09-08 14:28:12
- date last changed
- 2021-09-08 14:28:12
@misc{9051813, abstract = {{Purpose: This paper studies the impact of corporate social responsibility on cost stickiness, as well as showing additional evidence of stickiness among European firms. Methodology: OLS regression and fixed effects model. Theoretical perspectives: The theoretical part of the study describe cost behavior, cost stickiness and corporate social responsibility from a stakeholder perspective. Empirical foundation: The study is based on data from Thomson Reuters of the largest 600 European companies in the STOXX Europe 600 index between 2002 and 2020. Conclusions: SG&A (Selling, General & Administrative) cost stickiness is present among European firms, but firms with higher ESG ratings are associated with lower cost stickiness.}}, author = {{Aurenz, Patrick and Magnusson, Andreas}}, language = {{eng}}, note = {{Student Paper}}, title = {{The Impact of Corporate Social Responsibility on Cost Stickiness}}, year = {{2021}}, }