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Asymmetric Cost Behavior

Implications for the Credit and Financial Risk of a Firm

  • Kristina Reimer
Book

Part of the Quantitatives Controlling book series (QC)

Table of contents

  1. Front Matter
    Pages I-XXIV
  2. Kristina Reimer
    Pages 1-4
  3. Kristina Reimer
    Pages 5-37
  4. Kristina Reimer
    Pages 63-106
  5. Kristina Reimer
    Pages 107-127
  6. Back Matter
    Pages 133-156

About this book

Introduction

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.

Contents 
  • The concept of cost stickiness 
  • Foundations of credit risk fundamentals and methods of determining credit risk 
  • Credit default swaps
  • Does cost stickiness affect credit or financial risk? 

Target Groups 
  • Researchers and students in the fields of finance and accounting 
  • Professional capital market investors, financial analysts, corporate managers, and anyone interested in cost behavior  

The Author 
Dr. Kristina Reimer received her doctoral degree at the University of Cologne. Her supervisor was Prof. Dr. Carsten Homburg from the Department of Management Accounting.

Keywords

Cost stickiness Credit spreads Credit default swaps Credit default swap market Structural models Reduced-form models Asymmetric Cost Behavior Credit and Financial Risk of a Firm

Authors and affiliations

  • Kristina Reimer
    • 1
  1. 1.Universität zu KölnKölnGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-658-22822-4
  • Copyright Information Springer Fachmedien Wiesbaden GmbH, part of Springer Nature 2019
  • Publisher Name Springer Gabler, Wiesbaden
  • eBook Packages Business and Management
  • Print ISBN 978-3-658-22821-7
  • Online ISBN 978-3-658-22822-4
  • Buy this book on publisher's site