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is that dismissal costs depend not only on whether the dismissal is deemed fair or unfair, but also on the nature …, economic vs. disciplinary, of the layoff. The second feature is that compensation for unfair dismissal or severance is …
Persistent link: https://www.econbiz.de/10009757454
We analyze how hiring and firing costs as well as firing regulatory delays affect firms' hiring, firing, and relocation … model hiring and firing costs depend on the firm size and the number of people hired or fired. Based on our simulations … hiring and firing variable costs. The elasticity of firing due to relocation is highest with respect to the firm-sized firing …
Persistent link: https://www.econbiz.de/10013032036
I exploit the adoption of state-level labor protection laws as an exogenous increase in employee firing costs to … examine how the costs associated with discharging workers affect capital structure decisions. I find that firms reduce debt … costs. I also document that, following the adoption of these laws, a firm's degree of operating leverage rises, earnings …
Persistent link: https://www.econbiz.de/10013006723
Is privatization in a country related to the stringency of its employment protection laws (EPL) – and, if so, how? We address this question using privatization deals in fourteen European countries over three decades and all the changes in EPL within a country. Using traditional...
Persistent link: https://www.econbiz.de/10012975362
Firms respond to laws increasing employee protection by reducing both employment and capital expenditures. They use earnings management to meet earnings benchmarks less while experiencing significantly higher returns on investments, suggesting that employee protection potentially constrains...
Persistent link: https://www.econbiz.de/10012854830
Do employment protection laws hinder privatization? Using privatization deals in fourteen European countries from 1977-2003 and within-country variation in employment protection laws, we find that stringent employment protection laws significantly deter privatization. The fear of job cuts...
Persistent link: https://www.econbiz.de/10014044132
This paper examines the impact of English and Australian unfair dismissal legislation on the common law rules which … dismissal laws and the common law in the UK and Australia. This is followed by a consideration of the objectives of unfair … dismissal laws and the way in which those laws provided the necessary environment for the development of the implied duty of …
Persistent link: https://www.econbiz.de/10013124908
concerning the individual dismissal, on the behavior of economic agents involved in a labor relationship. These analyses show … behavior of parties at the time of the breach (e.g. concerning the choice of the type of dismissal or the bargaining over the … related to dismissal more efficient …
Persistent link: https://www.econbiz.de/10012777575
estimated negative impact of wrongful dismissal laws in the US on productivity and the positive effect on the number of …
Persistent link: https://www.econbiz.de/10010496891
quasi-experimental setting, exploiting a reform that introduced unjust-dismissal costs in Italy for firms below 15 employees … and left firing costs unchanged for bigger firms. Accounting for the endogeneity of the treatment status, we find that …
Persistent link: https://www.econbiz.de/10009304316