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Labour Market Characteristics and Profitability: Econometric analysis of Hungarian Exporting Firms, 1986-1995

Author

Listed:
  • Laszlo Halpern
  • Gabor Korosi

Abstract

Labour 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.

Suggested Citation

  • Laszlo Halpern & Gabor Korosi, 1997. "Labour Market Characteristics and Profitability: Econometric analysis of Hungarian Exporting Firms, 1986-1995," William Davidson Institute Working Papers Series 41, William Davidson Institute at the University of Michigan.
    • Handle: RePEc:wdi:papers:1997-41
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    File URL: http://deepblue.lib.umich.edu/bitstream/2027.42/39431/3/wp41.pdf
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    Citations

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    Cited by:

    1. Fiona Burke & Patrick Walsh, 2012. "Regional earning disparities and the speed of transition: evidence from Poland 1994–1997," IZA Journal of Labor & Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 1(1), pages 1-19, December.
    2. repec:eee:labchp:v:3:y:1999:i:pb:p:2809-2857 is not listed on IDEAS
    3. Svejnar, Jan, 1999. "Labor markets in the transitional Central and East European economies," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 42, pages 2809-2857, Elsevier.
    4. Jaromír Gottvald, 2003. "Determinanty mezd zaměstnanců v podnicích v České republice a Slovenské republice [Determinants of individual wages in the Czech republic and Slovak republic firms]," Politická ekonomie, Prague University of Economics and Business, vol. 2003(4), pages 541-563.
    5. Jean-Louis ARCAND & Béatrice D'HOMBRES & Paul GYSELINCK, 2004. "Instrument Choice and the Returns to Education: New Evidence from Vietnam," Working Papers 200422, CERDI.

    More about this item

    Keywords

    firms in transition economy; labour; monopoly; profit;
    All these keywords.

    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, Pricing, and Design - - - Monopoly
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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