کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5054340 1476532 2014 8 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Does employment protection legislation affect firm investment? The European case
ترجمه فارسی عنوان
آیا قانون حفاظت از استخدام به سرمایه گذاری شرکت تاثیر می گذارد؟ مورد اروپایی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
This paper aims at analyzing the impact of Employment Protection Legislation (EPL) on firms' investment policies in the contemporaneous presence of financial imperfections. Our results show that investment is significantly affected by the presence of both market imperfections; they are robust to alternative measures of EPL. Moreover, the effect of labor market regulation is weaker wherever financial market imperfections are smaller: firms with better access to financial markets are in a position to determine their optimal investment policy, even in the presence of stringent employment protection laws, than those facing financial constraints.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 36, January 2014, Pages 658-665
نویسندگان
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