Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

M&A. --- Technological firm performance. --- Market relatedness.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper offers evidence on the relationship between the minimum wage and unemployment and informal employment, and identifies some of the lessons learned on the potential effects of increasing the minimum wage. Most of the evidence suggests that sizable increases in the minimum wage are likely to exacerbate unemployment and the prevalence of informal employment, which could have negative consequences for labor productivity and businesses as a result of reduced investment in employee training and loss of productive workers. This outcome occurs when businesses adopt the main channels available for absorbing increased labor costs. The majority of the empirical evidence suggests that the effects of minimum wage increases on unemployment and the demand for labor are unclear. The outcome depends in large part on the specific characteristics of the labor markets and the degree of compliance with the minimum wage law. Most of those affected by minimum wage increases are less qualified workers. In Latin American and Asia, differences in the effects of minimum wage increases depend largely on the size and type of firms. In countries with high levels of informal employment, minimum wage increases can increase informal employment, since the formal workers who lose their jobs are absorbed by the informal sector of the economy. In general, businesses have five mechanisms for absorbing the added labor costs. Given the characteristics of the labor market in emerging economies, it is likely that businesses faced with increased labor costs will resort to less than optimal channels, which will tend to affect their productivity and the labor market in general.

Employment --- Firm Performance --- Informality --- Minimum Wages --- Poverty --- Unemployment

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Deze masterproef onderzoekt de impact van een 'financial covenant violation' op de prestaties van een bedrijf. Deze prestaties worden gemeten aan de hand van de investeringsbeslissingen en het financiële beleid. Verder wordt er ook nagegaan of er een verandering is in het voorkomen en de gevolgen van 'financial covenant violations' door toedoen van de recente financiële crisis.

Covenant violations. --- Covenants. --- Finance. --- Financial crisis. --- Financial policy. --- Firm performance. --- Investment decisions. --- Loan agreements. --- S180-economie.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This study analyses how the Syrian refugee inflows into turkey affected firm entry and performance. To estimate the casual effects, instrumental variables, difference-indifferences and synthetic control methodologies are used. The results suggest that hosting refugees is favourable for firms. Total firm entry does not seem to be significantly affected. However, there is a substantial increase in the number of new foreign-owned firms. In line with the increase in new foreign-owned firms, there is some indication of growth in gross profits and net sales.

Firm Entry --- Firm Performance --- Industry --- Refugees --- Science and Technology Development --- Technology Industry --- Technology Innovation

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Using the management and operational practices survey in the Russian Federation, this paper finds that an average Russian manufacturing firm adopts 43 percent of the structured management practices (a score of 0.43), a value that is far from the frontier (for example, the United States scores 0.62). This average mask the wide heterogeneity in practices, where a large share of firms adopt few structured management practices and only 3.5 percent of them have a score over 0.75. Consistent with the findings in other countries, better managed firms in Russia show stronger firm performance, measured as gross revenue per employee, value added per employee, total factor productivity, and employment growth. Improving the management score from the 10th to the 90th percentile is associated with an increase in sales per worker by 87 percent, value added per worker by 30 percent, and total factor productivity by 13.5 percent. What drives better management capabilities? Russian firms are similar to those in other countries, such that exporters and firms with foreign linkages are better managed. Switching from operating purely in the domestic market to being globally linked is associated with a significant increase in management capabilities. However, unlike the results in other countries, management capabilities in Russia are not associated with firm age, implying that firms do not learn to be better managed over their life cycle. This result points to the possibility of inefficient allocation of resources, such that learning and selection mechanism does not weed out the badly managed firms, perhaps due to the lack of pro-competitive forces.

Competition --- Competitiveness and Competition Policy --- Firm Performance --- Industrial Management --- Industry --- Management --- Private Sector Development --- Private Sector Economics --- Productivity