Impact of CEO characteristics on asymmetric cost behavior최고경영자(CEO)의 특징과 원가 하방경직성의 관련성 연구
We investigate the impact of CEO characteristics on asymmetric cost behaviors. Asymmetric cost behavior (Cost stickiness) is a decision of delaying cost reduction responding to sales decrease until demand uncertainty being resolved, and we proxy CEO characteristics with gender, age, and tenure. We find that female CEOs are less cost sticky than male CEOs. We also find that older CEOs are less cost sticky than younger CEOs. Lastly, we find that longer-tenured CEOs are more cost sticky than shorter-tenured CEOs. Our results remain unchanged after controlling the influence of the board of directors. Overall, we find the impact of CEO characteristics in terms of risk-taking to the degree of cost stickiness.
- Advisors
- Lee, Kwang Juneresearcher; 이광준researcher
- Description
- 한국과학기술원 :경영공학부,
- Publisher
- 한국과학기술원
- Issue Date
- 2018
- Identifier
- 325007
- Language
- eng
- Description
학위논문(석사) - 한국과학기술원 : 경영공학부, 2018.2,[ii, 31 p. :]
- Keywords
Age▼aasymmetric cost behavior▼aCEO characteristic▼acost stickiness▼agender▼arisk-taking; tenure; 경력▼a경영자 특성▼a나이▼a성별▼a원가 하방경직성▼a위험 감수▼a최고경영자 (CEO)
- Appears in Collection
- MT-Theses_Master(석사논문)
- Files in This Item
- There are no files associated with this item.
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