Cost Structure and Business Flexibility During the COVID-19 Crisis
Oct 18, 2022·,,
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1 min read
Jannis Bischof
Christopher Karlsson
Davud Rostam-Afschar
Thomas SIMON
Dirk Simons
Abstract
Only a subset of firms succeeded in reducing costs during the COVID-19 pandemic as employment levels declined. Based on data from the German Business Panel, this article shows that this ability is primarily determined by firms’ pre-crisis cost structures — an insight that is highly relevant both for strategic cost management and for the effective design of government support measures.
Type
Publication
Controlling & Management Review, 66(7)
Note
This is an English translation of the article originally published in German as “Kostenstruktur und Unternehmensflexibilität in der COVID-19 Krise”.
