How to cite this paper
Raweh, N & Abdullah, A. (2024). Quality of audit and cost stickiness empirical evidence from emerging markets.Uncertain Supply Chain Management, 12(1), 195-206.
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Abdel Megeid, N. S., & El-Deeb, M. S. (2021). Board characteristics effect on cost stickiness using earnings management as a mediating variable “Evidence from Egypt”. Alexandria Journal of Accounting Research, 5(2), 1-47
Abu-Serdaneh, J. (2014). The asymmetrical behavior of cost: evidence from Jordan. International Business Research, 7(8), 113-122. http://dx.doi.org/10.5539/ibr.v7n8p113
Afify, H. A. E. (2009). Determinants of audit report lag: Does implementing corporate governance have any impact? Empirical evidence from Egypt. Journal of Applied Accounting Research, 10(1), 56-86. https://doi.org/10.1108/09675420910963397
Ali, H., & Shafique, O. (2020). Board Committee’s Characteristics and Selling, General and Administrative Cost Behavior: Evidence from Pakistan. International Journal of Management Research and Emerging Sciences, 10(2), 187-203.
Anderson, M. C., Banker, R. D., & Janakiraman, S. N. (2003). Are selling, general, and administrative costs “sticky”?. Journal of Accounting Research, 41(1), 47-63. https://doi.org/10.1111/1475-679X.00095
Anderson, M. C., Lee, J. H., & Mashruwala, R. (2016). Cost stickiness and cost inertia: a two-driver model of asymmetric cost behavior. Available at SSRN 2599108. https://dx.doi.org/10.2139/ssrn.2599108
Banker, R. D., & Chen, T. L. (2007, November). Labor market characteristics and cross-country differences in cost stickiness. SSRN Electronic Journal. Working Paper, The University of Iowa. https://dx.doi.org/10.2139/ssrn.921419
Banker, R. D., Byzalov, D., & Chen, L. T. (2013). Employment protection legislation, adjustment costs and cross-country differences in cost behavior. Journal of Accounting and Economics, 55(1), 111-127. https://doi.org/10.1016/j.jacceco.2012.08.003Get rights and content
Banker, R. D., Byzalov, D., Ciftci, M., & Mashruwala, R. (2014). The moderating effect of prior sales changes on asymmetric cost behavior. Journal of Management Accounting Research, 26(2), 221-242. https://doi.org/10.2308/jmar-50726
Basuony, M. A., Mohamed, E. K., Hussain, M. M., & Marie, O. K. (2016). Board characteristics, ownership structure and audit report lag in the Middle East. International Journal of Corporate Governance, 7(2), 180-205. doi:10.1504/IJCG.2016.078388
Baumgarten, D. (2012). The Cost Stickiness Phenomenon: Causes, Characteristics, and Implications for Fundamental Analysis and Financial Analysts ‘Forecasts. Gabler Verlag, Springer Science & Business Media. https://books.google.com.my/books?hl=en&lr=&id=A7Y9QLf3tEMC&oi=fnd&pg=PR5&dq=
Bédard, J., Chtourou, S. M., & Courteau, L. (2004). The effect of audit committee expertise, independence, and activity on aggressive earnings management. Auditing: A journal of practice & theory, 23(2), 13-35. https://doi.org/10.2308/aud.2004.23.2.13
Beasley, M. S., Carcello, J. V., Hermanson, D. R., & Neal, T. L. (2009). The audit committee oversight process. Contemporary Accounting Research, 26(1), 65-122. https://doi.org/10.1506/car.26.1.3
Bédard, J., & Gendron, Y. (2010). Strengthening the financial reporting system: Can audit committees deliver?. International journal of auditing, 14(2), 174-210. https://doi.org/10.1111/j.1099-1123.200900413.x
Bugeja, M., Lu, M., & Shan, Y. (2015). Cost stickiness in Australia: Characteristics and determinants. Australian Accounting Review, 25(3), 248-261. https://doi.org/10.1111/auar.12066
Chen, L., Huang, J., Hu, D., & Chen, X. (2022). Dividend regulation and cost stickiness: evidence from a quasi-natural experiment. China Accounting and Finance Review, 24(4), 486-515. https://doi.org/10.1108/CAFR-08-2022-0092
Chen, C. X., Lu, H., & Sougiannis, T. (2012). The agency problem, corporate governance, and the asymmetrical behavior of selling, general, and administrative costs. Contemporary Accounting Research, 29(1), 252-282. https://doi.org/10.1111/j.1911-3846.2011.01094.x
Chen, L. Y., & Wang, T. S. (2023). Effect of supplier cost stickiness on environmental, social, and governance: Moderating role of customer bargaining power. Corporate Social Responsibility and Environmental Management, 1 – 11. https://doi.org/10.1002/csr.2485
Chi, W., Lisic, L. L., & Pevzner, M. (2011). Is enhanced audit quality associated with greater real earnings management?. Accounting horizons, 25(2), 315-335. https://doi.org/10.2308/acch-10025
Cohen, J. R., Krishnamoorthy, G., & Wright, A. M. (2008). Form versus substance: The implications for auditing practice and research of alternative perspectives on corporate governance. Auditing: A Journal of Practice & Theory, 27(2), 181-198. https://doi.org/10.2308/aud.2008.27.2.181
Cooper, R. W., & Haltiwanger, J. C. (2006). On the nature of capital adjustment costs. The Review of Economic Studies, 73(3), 611-633. https://doi.org/10.1111/j.1467-937X.2006.00389.x
Cooper, R., Kaplan, R. S. (1998). The design of cost management systems: Texts, cases and reading. Upper Saddle River, NJ: Prentice Hall.
Dalla Via, N., & Perego, P. (2014). Sticky cost behaviour: evidence from small and medium sized companies. Accounting & Finance, 54(3), 753-778. https://doi.org/10.1111/acfi.12020
DeAngelo, L. E. (1981). Auditor size and audit quality. Journal of accounting and economics, 3(3), 183-199. https://doi.org/10.1016/0165-4101(81)90002-1
DeZoort, F. T., Hermanson, D. R., Archambeault, D., & Reed, S. (2002). Audit committee effectiveness:A synthesis of the empirical audit committee literature. Journal of Accounting Literature, 21(1) 38–75. https://digitalcommons.kennesaw.edu/fac pubs/1495/
Dierynck, B., Landsman, W. R., & Renders, A. (2012). Do managerial incentives drive cost behavior? Evidence about the role of the zero earnings benchmark for labor cost behavior in private Belgian firms. The Accounting Review, 87(4), 1219-1246. https://doi.org/10.2308/accr-50153
Ezat, A. M. (2014). Corporate Governance, Ownership Structure, and Cost Stickiness: Evidence from Egypt. The Egyptian Journal of Commercial Studies, 38(4), 27-78.
Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. The journal of law and Economics, 26(2), 301-325. https://doi.org/10.1086/467037
Fan, J. P., & Wong, T. J. (2005). Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia. Journal of accounting research, 43(1), 35-72. https://doi.org/10.1111/j.1475-679x.2004.00162.x
Francis, J. R., Maydew, E. L., & Sparks, H. C. (1999). The role of Big 6 auditors in the credible reporting of accruals. Auditing: a Journal of Practice & theory, 18(2), 17-34. https://doi.org/10.2308/aud.1999.18.2.17
Goux, D., Maurin, E., & Pauchet, M. (2001). Fixed-term contracts and the dynamics of labour demand. European Economic Review, 45(3), 533-552. https://doi.org/10.1016/S0014-2921(00)00061-1
Gujarati, D. N., & Porter, D. C. (2009). Basic econometrics (5th ed). McGraw-Hill/Irwin.
Habbash, M., & Alghamdi, S. (2017). Audit quality and earnings management in less developed economies: the case of Saudi Arabia. Journal of Management & Governance, 21(2), 351-373. https://doi.org/10.1007/s10997-016-9347-3
Han, S., Rezaee, Z., & Tuo, L. (2019). Is cost stickiness associated with management earnings forecasts?. Asian Review of Accounting, 28(2), 173-211. https://doi.org/10.1108/ARA-04-2018-0096
Hartlieb, S., & Loy, T. R. (2022). The impact of cost stickiness on financial reporting: evidence from income smoothing. Accounting & Finance, 62(3), 3913-3950. https://doi.org/10.1111/acfi.12910
Healy, P. M. (1985). The effect of bonus schemes on accounting decisions. Journal of accounting and economics, 7(1-3), 85-107. https://doi.org/10.1016/0165-4101(85)90029-1
Houqe, M. N., Ahmed, K., & Van Zijl, T. (2017). Audit quality, earnings management, and cost of equity capital: evidence from India. International Journal of Auditing, 21(2), 177-189. https://doi.org/10.1111/ijau.12087
Ibrahim, A. (2015). Economic growth and cost stickiness: evidence from Egypt. Journal of Financial Reporting and Accounting, 13(1), 119-140. https://doi.org/10.1108/JFRA-06-2014-0052
Ibrahim, A. E. A. (2018). Board characteristics and asymmetric cost behavior: evidence from Egypt. Accounting Research Journal, 31(2), 301-322. https://doi.org/10.1108/ARJ-11-2015-0148
Ibrahim, A. E. A., Ali, H. M. H. O., & Aboelkheir, H. N. E. R. (2021). Cost stickiness: A systematic literature review of 27 years of research and a future research agenda. Journal of International Accounting, Auditing and Taxation, 100439, 1-45. https://doi.org/10.1016/j.intaccaudtax.2021.100439
Ika, S. R., & Ghazali, N. A. M. (2012). Audit committee effectiveness and timeliness of reporting: Indonesian evidence. Managerial Auditing Journal, 27(4), 403-424. https://doi.org/10.1108/02686901211217996
Islam, M. Z., Islam, M. N., Bhattacharjee, S., & Islam, A. K. M. Z. (2010). Agency problem and the role of audit committee: Implications for corporate sector in Bangladesh. International journal of Economics and Finance, 2(3), 177-188.
Jaramillo, F., Schiantarelli, F., & Sembenelli, A. (1993). Are Adjustment Costs for Labor Asymmetric? An Econometric Test on Panel Data for Italy. The Review of Economics and Statistics, 75(4), 640-48. https://doi.org/10.2307/2110017
Jensen, M. C. (1986). Agency costs of free cash flow, corporate finance, and takeovers. The American economic review, 76(2), 323-329. https://www.jstor.org/stable/1818789
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Abu-Serdaneh, J. (2014). The asymmetrical behavior of cost: evidence from Jordan. International Business Research, 7(8), 113-122. http://dx.doi.org/10.5539/ibr.v7n8p113
Afify, H. A. E. (2009). Determinants of audit report lag: Does implementing corporate governance have any impact? Empirical evidence from Egypt. Journal of Applied Accounting Research, 10(1), 56-86. https://doi.org/10.1108/09675420910963397
Ali, H., & Shafique, O. (2020). Board Committee’s Characteristics and Selling, General and Administrative Cost Behavior: Evidence from Pakistan. International Journal of Management Research and Emerging Sciences, 10(2), 187-203.
Anderson, M. C., Banker, R. D., & Janakiraman, S. N. (2003). Are selling, general, and administrative costs “sticky”?. Journal of Accounting Research, 41(1), 47-63. https://doi.org/10.1111/1475-679X.00095
Anderson, M. C., Lee, J. H., & Mashruwala, R. (2016). Cost stickiness and cost inertia: a two-driver model of asymmetric cost behavior. Available at SSRN 2599108. https://dx.doi.org/10.2139/ssrn.2599108
Banker, R. D., & Chen, T. L. (2007, November). Labor market characteristics and cross-country differences in cost stickiness. SSRN Electronic Journal. Working Paper, The University of Iowa. https://dx.doi.org/10.2139/ssrn.921419
Banker, R. D., Byzalov, D., & Chen, L. T. (2013). Employment protection legislation, adjustment costs and cross-country differences in cost behavior. Journal of Accounting and Economics, 55(1), 111-127. https://doi.org/10.1016/j.jacceco.2012.08.003Get rights and content
Banker, R. D., Byzalov, D., Ciftci, M., & Mashruwala, R. (2014). The moderating effect of prior sales changes on asymmetric cost behavior. Journal of Management Accounting Research, 26(2), 221-242. https://doi.org/10.2308/jmar-50726
Basuony, M. A., Mohamed, E. K., Hussain, M. M., & Marie, O. K. (2016). Board characteristics, ownership structure and audit report lag in the Middle East. International Journal of Corporate Governance, 7(2), 180-205. doi:10.1504/IJCG.2016.078388
Baumgarten, D. (2012). The Cost Stickiness Phenomenon: Causes, Characteristics, and Implications for Fundamental Analysis and Financial Analysts ‘Forecasts. Gabler Verlag, Springer Science & Business Media. https://books.google.com.my/books?hl=en&lr=&id=A7Y9QLf3tEMC&oi=fnd&pg=PR5&dq=
Bédard, J., Chtourou, S. M., & Courteau, L. (2004). The effect of audit committee expertise, independence, and activity on aggressive earnings management. Auditing: A journal of practice & theory, 23(2), 13-35. https://doi.org/10.2308/aud.2004.23.2.13
Beasley, M. S., Carcello, J. V., Hermanson, D. R., & Neal, T. L. (2009). The audit committee oversight process. Contemporary Accounting Research, 26(1), 65-122. https://doi.org/10.1506/car.26.1.3
Bédard, J., & Gendron, Y. (2010). Strengthening the financial reporting system: Can audit committees deliver?. International journal of auditing, 14(2), 174-210. https://doi.org/10.1111/j.1099-1123.200900413.x
Bugeja, M., Lu, M., & Shan, Y. (2015). Cost stickiness in Australia: Characteristics and determinants. Australian Accounting Review, 25(3), 248-261. https://doi.org/10.1111/auar.12066
Chen, L., Huang, J., Hu, D., & Chen, X. (2022). Dividend regulation and cost stickiness: evidence from a quasi-natural experiment. China Accounting and Finance Review, 24(4), 486-515. https://doi.org/10.1108/CAFR-08-2022-0092
Chen, C. X., Lu, H., & Sougiannis, T. (2012). The agency problem, corporate governance, and the asymmetrical behavior of selling, general, and administrative costs. Contemporary Accounting Research, 29(1), 252-282. https://doi.org/10.1111/j.1911-3846.2011.01094.x
Chen, L. Y., & Wang, T. S. (2023). Effect of supplier cost stickiness on environmental, social, and governance: Moderating role of customer bargaining power. Corporate Social Responsibility and Environmental Management, 1 – 11. https://doi.org/10.1002/csr.2485
Chi, W., Lisic, L. L., & Pevzner, M. (2011). Is enhanced audit quality associated with greater real earnings management?. Accounting horizons, 25(2), 315-335. https://doi.org/10.2308/acch-10025
Cohen, J. R., Krishnamoorthy, G., & Wright, A. M. (2008). Form versus substance: The implications for auditing practice and research of alternative perspectives on corporate governance. Auditing: A Journal of Practice & Theory, 27(2), 181-198. https://doi.org/10.2308/aud.2008.27.2.181
Cooper, R. W., & Haltiwanger, J. C. (2006). On the nature of capital adjustment costs. The Review of Economic Studies, 73(3), 611-633. https://doi.org/10.1111/j.1467-937X.2006.00389.x
Cooper, R., Kaplan, R. S. (1998). The design of cost management systems: Texts, cases and reading. Upper Saddle River, NJ: Prentice Hall.
Dalla Via, N., & Perego, P. (2014). Sticky cost behaviour: evidence from small and medium sized companies. Accounting & Finance, 54(3), 753-778. https://doi.org/10.1111/acfi.12020
DeAngelo, L. E. (1981). Auditor size and audit quality. Journal of accounting and economics, 3(3), 183-199. https://doi.org/10.1016/0165-4101(81)90002-1
DeZoort, F. T., Hermanson, D. R., Archambeault, D., & Reed, S. (2002). Audit committee effectiveness:A synthesis of the empirical audit committee literature. Journal of Accounting Literature, 21(1) 38–75. https://digitalcommons.kennesaw.edu/fac pubs/1495/
Dierynck, B., Landsman, W. R., & Renders, A. (2012). Do managerial incentives drive cost behavior? Evidence about the role of the zero earnings benchmark for labor cost behavior in private Belgian firms. The Accounting Review, 87(4), 1219-1246. https://doi.org/10.2308/accr-50153
Ezat, A. M. (2014). Corporate Governance, Ownership Structure, and Cost Stickiness: Evidence from Egypt. The Egyptian Journal of Commercial Studies, 38(4), 27-78.
Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. The journal of law and Economics, 26(2), 301-325. https://doi.org/10.1086/467037
Fan, J. P., & Wong, T. J. (2005). Do external auditors perform a corporate governance role in emerging markets? Evidence from East Asia. Journal of accounting research, 43(1), 35-72. https://doi.org/10.1111/j.1475-679x.2004.00162.x
Francis, J. R., Maydew, E. L., & Sparks, H. C. (1999). The role of Big 6 auditors in the credible reporting of accruals. Auditing: a Journal of Practice & theory, 18(2), 17-34. https://doi.org/10.2308/aud.1999.18.2.17
Goux, D., Maurin, E., & Pauchet, M. (2001). Fixed-term contracts and the dynamics of labour demand. European Economic Review, 45(3), 533-552. https://doi.org/10.1016/S0014-2921(00)00061-1
Gujarati, D. N., & Porter, D. C. (2009). Basic econometrics (5th ed). McGraw-Hill/Irwin.
Habbash, M., & Alghamdi, S. (2017). Audit quality and earnings management in less developed economies: the case of Saudi Arabia. Journal of Management & Governance, 21(2), 351-373. https://doi.org/10.1007/s10997-016-9347-3
Han, S., Rezaee, Z., & Tuo, L. (2019). Is cost stickiness associated with management earnings forecasts?. Asian Review of Accounting, 28(2), 173-211. https://doi.org/10.1108/ARA-04-2018-0096
Hartlieb, S., & Loy, T. R. (2022). The impact of cost stickiness on financial reporting: evidence from income smoothing. Accounting & Finance, 62(3), 3913-3950. https://doi.org/10.1111/acfi.12910
Healy, P. M. (1985). The effect of bonus schemes on accounting decisions. Journal of accounting and economics, 7(1-3), 85-107. https://doi.org/10.1016/0165-4101(85)90029-1
Houqe, M. N., Ahmed, K., & Van Zijl, T. (2017). Audit quality, earnings management, and cost of equity capital: evidence from India. International Journal of Auditing, 21(2), 177-189. https://doi.org/10.1111/ijau.12087
Ibrahim, A. (2015). Economic growth and cost stickiness: evidence from Egypt. Journal of Financial Reporting and Accounting, 13(1), 119-140. https://doi.org/10.1108/JFRA-06-2014-0052
Ibrahim, A. E. A. (2018). Board characteristics and asymmetric cost behavior: evidence from Egypt. Accounting Research Journal, 31(2), 301-322. https://doi.org/10.1108/ARJ-11-2015-0148
Ibrahim, A. E. A., Ali, H. M. H. O., & Aboelkheir, H. N. E. R. (2021). Cost stickiness: A systematic literature review of 27 years of research and a future research agenda. Journal of International Accounting, Auditing and Taxation, 100439, 1-45. https://doi.org/10.1016/j.intaccaudtax.2021.100439
Ika, S. R., & Ghazali, N. A. M. (2012). Audit committee effectiveness and timeliness of reporting: Indonesian evidence. Managerial Auditing Journal, 27(4), 403-424. https://doi.org/10.1108/02686901211217996
Islam, M. Z., Islam, M. N., Bhattacharjee, S., & Islam, A. K. M. Z. (2010). Agency problem and the role of audit committee: Implications for corporate sector in Bangladesh. International journal of Economics and Finance, 2(3), 177-188.
Jaramillo, F., Schiantarelli, F., & Sembenelli, A. (1993). Are Adjustment Costs for Labor Asymmetric? An Econometric Test on Panel Data for Italy. The Review of Economics and Statistics, 75(4), 640-48. https://doi.org/10.2307/2110017
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