Chen, Yufeng; Ma, Yanbai - In: Journal of Business Economics and Management (JBEM) 22 (2021) 5, pp. 1231-1251
, financing constraints have brought great uncertainty to this resource decision-making implemented by managers. Data of … manufacturing listed firms in China from 2009 to 2017 are used here to explore the impact of financing constraints on cost … stickiness. This paper finds that internal financing constraints have a significant promoting effect on cost stickiness, while …