Demand Uncertainty and Cost Behavior

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Customer-base concentration, profitability and distress across the corporate life cycle (2013, unknown): “Banker et al. (2014) postulate that demand uncertainty (measured by the volatility of sales), can lead to lower cost elasticity.”
Political Uncertainty and Cost Stickiness: Evidence from National Elections around the World (2020, methodology): “…degree of asymmetry in cost behavior (sticky if α2 is negative and anti-sticky if α2 is positive).10 We then specify the slopes in equation (2) as a function of country-level explanatory variables and firm-level control variables after prior research (Anderson et al., 2003 and Banker et al., 2013).”
Customer concentration and stock price crash risk (2020, background): “…firm with a concentrated corporate customer base tend to engage in relationship-specific investments because managers of the supplier firm have foresights into the potential benefits of making such investments (i.e., increase in demand from a strong customer) (Kang et al. 2009; Banker et al. 2014).”