The impact of fiscal expenditure fluctuation on cost asymmetry: Evidence from China

被引：0
|
作者：
Liao, Jingwen [1 ]
Yang, Hao [2 ]
Li, Ziyang [3 ]
Chen, Yanjun [3 ]
机构：
[1] Chengdu Univ Technol, Finance Dept, Chengdu, Peoples R China
[2] Chengdu Municipal Publ Complaints & Proposals Adm, Chengdu, Peoples R China
[3] Sichuan Univ, Business Sch, Chengdu, Peoples R China
来源：
ACCOUNTING AND FINANCE | 2025年 / 65卷 / 01期
基金：
中国国家自然科学基金;
关键词：
China; cost stickiness; fiscal expenditure fluctuation; local government; INDUSTRIAL-POLICY; INVESTMENT; SUBSIDIES; REFORMS; PERFORMANCE; FEDERALISM; TURNOVER; CITIES;
D O I：
10.1111/acfi.13340
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study investigates the relationship between district government fiscal expenditure fluctuation and asymmetric cost behaviour in China. Using the unique manual data sets of Chinese A-listed firms during the period 2003-2018, we find that cost stickiness is a pervasive phenomenon and that fiscal expenditure fluctuation positively affects cost stickiness. The results also demonstrate this effect is more pronounced when labour input is high and the size of the population is large. In addition, our further analysis indicates that higher social welfare incomes and the higher administrative level of a city can influence these results.
引用
收藏
页码：551 / 579
页数：29
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