This paper examines how CEO pay is related to firm size and to firm performance in Finland by using new individual-level compensation data in 1996-2002. We find robust evidence that CEO average compensation has increased substantially between 1996 and 2002. For example, the ratio between CEO and...

This paper investigates the role of individual incentive (II) and group incentive (GI) pay as determinants of worker separation. We use a large linked employer-employee panel data set for full-time male manufacturing workers during 1997-2006 from Finland. We follow actual job spells and switches...

This study examines whether changes in CAMEL variables matter in explaining bank closure. Using a unique set of monthly bank-specific balance sheet data from Russia, we estimate determinants of bank license withdrawals during 2013m7-2017m7. We make two key findings. First, changes in CAMEL...

Can a major financial crisis trigger changes in a bank's risk-taking behavior? Using the 2008 Global Financial Crisis as a quasi-natural experiment and a difference-in-differences approach, I examine whether the worst crisis-hit Russian banks - the banks that have strong incentives to...

Tutkimuksessa tarkastellaan hyvinvointiklusterin vientimenestystä ja teollisen toiminnan kehitystä 1990-luvun jälkipuoliskolla. Klusterin teollinen laajuus Suomessa on erittäin vaatimatonta. Klusterin osuus teollisuustuotannosta on vajaa kolme prosenttia ja tavaraviennistä alle kaksi...

This paper presents the first empirical evidence on the nature and effects of human resource practices (HRM) in the Finnish manufacturing sector. In the analysis, we use the novel survey on HRM practices, based on a representative random sample from the population of the Finnish manufacturing...

Tämän väliraportin tarkoitus on antaa lukijalle yleiskuva kansainvälisesti ainutlaatuisesta haastatteluaineistosta. Väliraportin painopiste on aineiston kuvaamisessa ja esittelyssä. Tutkimuksen perusjoukon muodostivat yli 50 henkilöä työllistävät teollisuusyritykset Tilastokeskuksen...

While theorists differ sharply on the expected economic impact of stock options, typically empirical work has found a positive association between option schemes and firm productivity. However, existing data are limited and may not enable reliable investigation of the productivity effects of...