Labour Market Characteristics and Profitability: Econometric analysis of Hungarian Exporting Firms, 1986-1995
AbstractLabour market and financial information is combined to explore the effect of the quality of labour employed on the profitability of the firm. The quality of labour is measured as the portion of wage differentials that cannot be explained by the human capital model. Profitability of Hungarian exporting firms can be explained by economic factors during transition. Beside the quality of labour export share, wage and bank costs, payables, receivables, foreign ownership,. inventories, amortisation and equity became significant explanatory variables. Sectors proved to be insignificant explanation for profit differences. Changing effects of monopolist competition and of the size of the firm reflect turbulent institutional environment for firms.
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Bibliographic InfoPaper provided by William Davidson Institute at the University of Michigan in its series William Davidson Institute Working Papers Series with number 41.
Date of creation: 01 May 1997
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firms in transition economy; labour; monopoly; profit;
Find related papers by JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- D42 - Microeconomics - - Market Structure and Pricing - - - Monopoly
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
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