The Importance of Cost Structure for the Effectiveness of State Aid
Abstract For many firms, the coronavirus crisis has lead to persistent sales slumps that generated urgent liquidity demand — unless fixed costs were reduced. The authors use a newly developed classification procedure that makes the cost structure of companies and, thus, their sensitivity to sales sh...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | deu |
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Sciendo
2021-07-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-021-2962-x |
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| _version_ | 1832569789820698624 |
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| author | Jannis Bischof Christopher Karlsson Davud Rostam-Afschar Thomas Simon |
| author_facet | Jannis Bischof Christopher Karlsson Davud Rostam-Afschar Thomas Simon |
| author_sort | Jannis Bischof |
| collection | DOAJ |
| description | Abstract For many firms, the coronavirus crisis has lead to persistent sales slumps that generated urgent liquidity demand — unless fixed costs were reduced. The authors use a newly developed classification procedure that makes the cost structure of companies and, thus, their sensitivity to sales shocks visible. This is useful for designing effective relief measures that preserve corporate structures by protecting employment and avoiding insolvencies of companies with healthy prospects for a recovery during the post-crisis period. Such an approach helps to accelerate economic recovery. |
| format | Article |
| id | doaj-art-3d503258d03f4b289568c2b43ccb431a |
| institution | Kabale University |
| issn | 0043-6275 1613-978X |
| language | deu |
| publishDate | 2021-07-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-3d503258d03f4b289568c2b43ccb431a2025-02-02T19:46:56ZdeuSciendoWirtschaftsdienst0043-62751613-978X2021-07-01101753654310.1007/s10273-021-2962-xThe Importance of Cost Structure for the Effectiveness of State AidJannis Bischof0Christopher Karlsson1Davud Rostam-Afschar2Thomas Simon3LS für ABWL und Unternehmensrechnung, Universität MannheimSonderforschungsbereichs (SFB) German Business Panel, Universität MannheimSonderforschungsbereichs (SFB) German Business Panel, Universität MannheimLS für ABWL und Rechnungswesen, Universität MannheimAbstract For many firms, the coronavirus crisis has lead to persistent sales slumps that generated urgent liquidity demand — unless fixed costs were reduced. The authors use a newly developed classification procedure that makes the cost structure of companies and, thus, their sensitivity to sales shocks visible. This is useful for designing effective relief measures that preserve corporate structures by protecting employment and avoiding insolvencies of companies with healthy prospects for a recovery during the post-crisis period. Such an approach helps to accelerate economic recovery.https://doi.org/10.1007/s10273-021-2962-x |
| spellingShingle | Jannis Bischof Christopher Karlsson Davud Rostam-Afschar Thomas Simon The Importance of Cost Structure for the Effectiveness of State Aid Wirtschaftsdienst |
| title | The Importance of Cost Structure for the Effectiveness of State Aid |
| title_full | The Importance of Cost Structure for the Effectiveness of State Aid |
| title_fullStr | The Importance of Cost Structure for the Effectiveness of State Aid |
| title_full_unstemmed | The Importance of Cost Structure for the Effectiveness of State Aid |
| title_short | The Importance of Cost Structure for the Effectiveness of State Aid |
| title_sort | importance of cost structure for the effectiveness of state aid |
| url | https://doi.org/10.1007/s10273-021-2962-x |
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