Family Ownership Influence on Cost Elasticity

G Siciliano, Weiss Dan

科研成果: 期刊稿件期刊论文


This study explores the relation between family ownership and cost elasticity. Using a sample of 1746 European firms, we first find that family ownership, a prevalent ownership type with unique characteristics, is associated with greater cost elasticity. Further, we use four empirical settings to increase our confidence that a higher cost elasticity is attributable to family ownership. We also document that family firms achieve greater operating cost elasticity primarily through modifying SG&A costs in response to changing sales, but not by hiring or firing employees. These findings extend prior studies on ownership effects on cost structures, suggesting that family ownership matters in understanding firms’ cost elasticity choices.
期刊The European Accounting Review
早期在线日期24 8月 2023
出版状态已出版 - 2023


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