Jiang, Wei; Sun, Yuan - In: China journal of accounting studies 10 (2022) 4, pp. 503-527
(collectivism), this paper examines how such individualism affects firms' cost structure decisions within a sample of Chinese listed … firms. The results show that individualistic chairmen tend to choose a rigid cost structure. Further analysis shows that … firm has a low level of financial leverage. This paper contributes to the literature on firms' cost structure decisions in …
