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Rigid labour compensation and flexible employment? : firm-level evidence with regard to productivity for Belgium

Fuss, Catherine; Wintr, Ladislav - 2009

Using firm-level data for Belgium over the period 1997-2005, we evaluate the elasticity of firms' labour and real …

Persistent link: https://www.econbiz.de/10011599069

The response of firms' investment and financing to adverse cash flow shocks : the role of bank relationships

Fuss, Catherine; Vermeulen, Philip - 2006

We test whether firms with a single bank are better shielded from loss of credit and investment cuts in periods of adverse cash flow shocks than firms with multiple bank relationships. Our estimates of the cash flow sensitivity of investment show that both types of firms are equally subject to...

Persistent link: https://www.econbiz.de/10003367995

The impact of uncertainty on investment plans

Butzen, Paul; Fuss, Catherine; Vermeulen, Philip - 2002

In this paper we investigate how demand and output price uncertainty affect investment plans of Belgian manufacturing firms. We obtain time-varying uncertainty measures at the firm and industry level from the Belgian monthly business cycle survey and investment plans from the half-yearly...

Persistent link: https://www.econbiz.de/10011623468

Firms' investment decisions in response to demand and price uncertainty

Fuss, Catherine; Vermeulen, Philip - 2004

We estimate the effect of demand and price uncertainty on firms' investment decisions from a panel of manufacturing firms. Uncertainty measures are derived from firms' subjective qualitative expectations. They are close to their theoretical counterparts, the variances of future demand and price...

Persistent link: https://www.econbiz.de/10011625771

How do exporters react to changes in cost competitiveness?

Decramer, Stefaan; Fuss, Catherine; Konings, Jozef - 2015

Policy-making institutions such as the European Commission, the ECB and the OECD often use unit labor costs as a measure of international competitiveness. The goal of this paper is to examine how well this measure is related to international export performance at the firm level. To this end, we...

Persistent link: https://www.econbiz.de/10011587739

International competition and firm performance : evidence from Belgium

De Loecker, Jan; Fuss, Catherine; Van Biesebroeck, Johannes - 2014

We evaluate the impact of international competition on firm-level perfor- mance in Belgium. In the manufacturing sector …

Persistent link: https://www.econbiz.de/10011588299

Understanding sectoral differences in downward real wage rigidity : workforce composition, institutions, technology and competition

Du Caju, Philip; Fuss, Catherine; Wintr, Ladislav - 2009

) developed by Dickens and Goette (2006) and rely on a large administrative matched employer-employee dataset for Belgium over the …

Persistent link: https://www.econbiz.de/10011599075

How do firms adjust their wage bill in Belgium? : a decomposition along the intensive and extensive margins

Fuss, Catherine - 2008

net flows of employment. The analysis relies on an administrative employer-employee dataset of individual annual earnings … matched with firms' annual accounts for Belgium over the period 1997-2001. Results point to asymmetric behaviour depending on … economic conditions. On average, wage bill contractions result essentially from employment cuts in spite of wage increases …

Persistent link: https://www.econbiz.de/10011599117

Downward wage rigidity for different workers and firms : an evaluation for Belgium using the IWFP procedure

Du Caju, Philip; Fuss, Catherine; Wintr, Ladislav - 2007

in Belgium over the period 1990-2002. Our results show that Belgium is characterised by strong real wage rigidity and …

Persistent link: https://www.econbiz.de/10011610299

The relationship between slack resources and firms' exporting behavior

Paeleman, Ine; Fuss, Catherine; Vanacker, Tom - 2013

We use a unique longitudinal dataset that tracks the exporting behavior of Belgian manufacturing firms between 1997 and 2009. We ask how slack resources, including financial and human resource slack, influence firms’ exporting behavior. Our findings suggest that both types of slack resources...

Persistent link: https://www.econbiz.de/10011590293