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The Impact of Corporate Social Responsibility on Cost Stickiness

Aurenz, Patrick LU and Magnusson, Andreas LU (2021) BUSN79 20211
Department 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.
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author
Aurenz, Patrick LU and Magnusson, Andreas LU
supervisor
organization
course
BUSN79 20211
year
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}},
}