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We examine the determinants of the decision to relocate activities abroad for firms located in OECD countries. We argue that particular firm-specific features play a crucial role for the link between employment protection and relocation. Stricter employment protection laws over time in the...
Persistent link: https://www.econbiz.de/10012919509
In this study I present empirical evidence that employment in family firms is less sensitive to performance and product market fluctuations, both at the industry and at the firm level. This supports the idea that family firms are able to offer their employees implicit employment protection....
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We here evaluate the link between job insecurity and one of the most-important decisions that individuals take: homeownership. The 1999 rise in the French Delalande tax on firms that laid off older workers produced an unexpected exogenous rise in job insecurity for younger workers. A...
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We examine the impact of employment protection legislation (EPL) on individual firms' growth opportunities, as measured by Tobin's q. On the one hand, by increasing job security, EPL spurs innovation effort. Yet that boost only occurs in firms with little comparative advantage at original...
Persistent link: https://www.econbiz.de/10011515757
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In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …
Persistent link: https://www.econbiz.de/10011349194
market set -up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is …
Persistent link: https://www.econbiz.de/10012001782
We examine the transmission of global macro-financial uncertainty to economic activity depending on the current state … of the banking sector. Previous literature suggests that credit supply and uncertainty shocks are important drivers of … surprisingly simple measure of macro-financial uncertainty at the global level while the state of credit intermediation is being …
Persistent link: https://www.econbiz.de/10012107017