Cost behaviour and reporting frequency during the COVID-19 outbreak
Funding Information: We appreciate helpful comments from Per Olsson (the associate editor), two anonymous reviewers, Mansoor Afzali, Patricia Bromley, Ellie Chapple, Sander De Groote, Peter Frii, Henrik Höglund, Henry Jarva, Bjørn Jørgensen, Juha-Pekka Kallunki, Jukka Kettunen, Eva Labro, Zeping Pan...
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ftunivhelsihelda:oai:helda.helsinki.fi:10138/570811 2024-05-19T07:48:03+00:00 Cost behaviour and reporting frequency during the COVID-19 outbreak Finne, Gustav Haga, Jesper Sundvik, Dennis Accounting, Vaasa Finance, Vaasa 2024-02-06T11:10:01Z 682288 912345 application/pdf http://hdl.handle.net/10138/570811 http://www.scopus.com/inward/record.url?scp=85183359513&partnerID=8YFLogxK eng eng Accounting and Business Research 10.1080/00014788.2023.2298784 0001-4788 Finne , G , Haga , J & Sundvik , D 2024 , ' Cost behaviour and reporting frequency during the COVID-19 outbreak ' , Accounting and Business Research . https://doi.org/10.1080/00014788.2023.2298784 ORCID: /0009-0001-3333-9508/work/152480022 http://hdl.handle.net/10138/570811 http://www.scopus.com/inward/record.url?scp=85183359513&partnerID=8YFLogxK cc_by info:eu-repo/semantics/openAccess openAccess 512 Business and Management cost behaviour COVID-19 quarterly reporting reporting frequency KOTA2024? PREM0000 1 - Publication available open access by the publisher 2 - Hybrid open access publication channel 1 - Self archived http://hdl.handle.net/10138/570811 0- Ingen av författarna har en utländsk affiliation 1- Publicerad utomlands 0- Ingen affiliation med ett företag AoS: Financial management accounting and governance SDG 8 - Decent Work and Economic Growth PRJ 1,5 Article 2024 ftunivhelsihelda 2024-04-23T23:58:07Z Funding Information: We appreciate helpful comments from Per Olsson (the associate editor), two anonymous reviewers, Mansoor Afzali, Patricia Bromley, Ellie Chapple, Sander De Groote, Peter Frii, Henrik Höglund, Henry Jarva, Bjørn Jørgensen, Juha-Pekka Kallunki, Jukka Kettunen, Eva Labro, Zeping Pan, Zihang Peng, Carsten Rohde, Petri Sahlström, Amir Sasson, David Schröder, Stefan Sundgren, Stephen Taylor, Aljoša Valentinčič, Sami Vähämaa and participants in the 2021 Nordic Accounting Conference, XVI International Accounting Research Symposium and workshop participants at Copenhagen Business School, Stanford University, Queensland University of Technology, Umeå University, University of Oulu, University of Vaasa, University of Technology Sydney, UNSW Sydney, and Victoria University of Wellington. We gratefully acknowledge financial support from the Foundation for Economic Education, Hanken Support Foundation, OP Group Research Foundation, the Finnish Foundation for Share Promotion, the Foundation for the Advancement of Finnish Securities Markets, and research assistance from Jiangnan Zhang. Publisher Copyright: © 2024 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. We examine the effect of financial reporting frequency on cost management decisions in crisis situations, with a focus on the COVID-19 outbreak. Using the European setting, we find that quarterly reporters exhibit greater cost elasticity relative to semi-annual reporters, meaning they had larger changes in cost for each change in sales. When allowing for cost asymmetry, we see that our results are driven by firms with decreases in sales and that quarterly reporters reduced their costs more. Additional analyses show that managerial learning and monitoring pressure might be potential channels behind the results and that there is a positive performance effect in the short run. Peer reviewed Article in Journal/Newspaper sami HELDA – University of Helsinki Open Repository |
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Open Polar |
collection |
HELDA – University of Helsinki Open Repository |
op_collection_id |
ftunivhelsihelda |
language |
English |
topic |
512 Business and Management cost behaviour COVID-19 quarterly reporting reporting frequency KOTA2024? PREM0000 1 - Publication available open access by the publisher 2 - Hybrid open access publication channel 1 - Self archived http://hdl.handle.net/10138/570811 0- Ingen av författarna har en utländsk affiliation 1- Publicerad utomlands 0- Ingen affiliation med ett företag AoS: Financial management accounting and governance SDG 8 - Decent Work and Economic Growth PRJ 1,5 |
spellingShingle |
512 Business and Management cost behaviour COVID-19 quarterly reporting reporting frequency KOTA2024? PREM0000 1 - Publication available open access by the publisher 2 - Hybrid open access publication channel 1 - Self archived http://hdl.handle.net/10138/570811 0- Ingen av författarna har en utländsk affiliation 1- Publicerad utomlands 0- Ingen affiliation med ett företag AoS: Financial management accounting and governance SDG 8 - Decent Work and Economic Growth PRJ 1,5 Finne, Gustav Haga, Jesper Sundvik, Dennis Cost behaviour and reporting frequency during the COVID-19 outbreak |
topic_facet |
512 Business and Management cost behaviour COVID-19 quarterly reporting reporting frequency KOTA2024? PREM0000 1 - Publication available open access by the publisher 2 - Hybrid open access publication channel 1 - Self archived http://hdl.handle.net/10138/570811 0- Ingen av författarna har en utländsk affiliation 1- Publicerad utomlands 0- Ingen affiliation med ett företag AoS: Financial management accounting and governance SDG 8 - Decent Work and Economic Growth PRJ 1,5 |
description |
Funding Information: We appreciate helpful comments from Per Olsson (the associate editor), two anonymous reviewers, Mansoor Afzali, Patricia Bromley, Ellie Chapple, Sander De Groote, Peter Frii, Henrik Höglund, Henry Jarva, Bjørn Jørgensen, Juha-Pekka Kallunki, Jukka Kettunen, Eva Labro, Zeping Pan, Zihang Peng, Carsten Rohde, Petri Sahlström, Amir Sasson, David Schröder, Stefan Sundgren, Stephen Taylor, Aljoša Valentinčič, Sami Vähämaa and participants in the 2021 Nordic Accounting Conference, XVI International Accounting Research Symposium and workshop participants at Copenhagen Business School, Stanford University, Queensland University of Technology, Umeå University, University of Oulu, University of Vaasa, University of Technology Sydney, UNSW Sydney, and Victoria University of Wellington. We gratefully acknowledge financial support from the Foundation for Economic Education, Hanken Support Foundation, OP Group Research Foundation, the Finnish Foundation for Share Promotion, the Foundation for the Advancement of Finnish Securities Markets, and research assistance from Jiangnan Zhang. Publisher Copyright: © 2024 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. We examine the effect of financial reporting frequency on cost management decisions in crisis situations, with a focus on the COVID-19 outbreak. Using the European setting, we find that quarterly reporters exhibit greater cost elasticity relative to semi-annual reporters, meaning they had larger changes in cost for each change in sales. When allowing for cost asymmetry, we see that our results are driven by firms with decreases in sales and that quarterly reporters reduced their costs more. Additional analyses show that managerial learning and monitoring pressure might be potential channels behind the results and that there is a positive performance effect in the short run. Peer reviewed |
author2 |
Accounting, Vaasa Finance, Vaasa |
format |
Article in Journal/Newspaper |
author |
Finne, Gustav Haga, Jesper Sundvik, Dennis |
author_facet |
Finne, Gustav Haga, Jesper Sundvik, Dennis |
author_sort |
Finne, Gustav |
title |
Cost behaviour and reporting frequency during the COVID-19 outbreak |
title_short |
Cost behaviour and reporting frequency during the COVID-19 outbreak |
title_full |
Cost behaviour and reporting frequency during the COVID-19 outbreak |
title_fullStr |
Cost behaviour and reporting frequency during the COVID-19 outbreak |
title_full_unstemmed |
Cost behaviour and reporting frequency during the COVID-19 outbreak |
title_sort |
cost behaviour and reporting frequency during the covid-19 outbreak |
publishDate |
2024 |
url |
http://hdl.handle.net/10138/570811 http://www.scopus.com/inward/record.url?scp=85183359513&partnerID=8YFLogxK |
genre |
sami |
genre_facet |
sami |
op_relation |
Accounting and Business Research 10.1080/00014788.2023.2298784 0001-4788 Finne , G , Haga , J & Sundvik , D 2024 , ' Cost behaviour and reporting frequency during the COVID-19 outbreak ' , Accounting and Business Research . https://doi.org/10.1080/00014788.2023.2298784 ORCID: /0009-0001-3333-9508/work/152480022 http://hdl.handle.net/10138/570811 http://www.scopus.com/inward/record.url?scp=85183359513&partnerID=8YFLogxK |
op_rights |
cc_by info:eu-repo/semantics/openAccess openAccess |
_version_ |
1799488545347338240 |