Unions, collective agreements and productivity: A firm‐level analysis using Norwegian matched employer–employee panel data

The study investigates the linkage of trade liberalization and labor demand elasticities in Pakistan. The panel data are used by selecting 13 industries in Pakistan's manufacturing sector for the years 1995-1996, 2000-2001, and 2005-2006. The Pooled OLS technique is applied to get the estimates at an aggregated level and disaggregated levels. Overall findings support the positive relationship between trade liberalization and labor demand elasticity in production workers but in the case of non-production workers, the findings show the weak relationship between trade liberalization and labor demand elasticity. The study is also furnished with some policy recommendations.

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A Firm-Level Analysis of the Cross-Sectional Relation between Expected Returns and Expected Idiosyncratic Volatility in the Korean Stock Market

Asian Review of Financial Research ◽

10.37197/arfr.2019.32.4.1 ◽

2019 ◽

Vol 32 (4) ◽

pp. 513-561

Author(s):

Sangkyu Lee ◽

◽

Young Sik Kim

Keyword(s):

Stock Market ◽

Idiosyncratic Volatility ◽

Expected Returns ◽

Firm Level ◽

Cross Sectional ◽

Korean Stock Market ◽

The Cross ◽

Level Analysis

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The Consequences of Accounting Failure for Innovation: A Multi-Level Analysis

Accounting Horizons ◽

10.2308/horizons-16-194 ◽

2020 ◽

Vol 34 (2) ◽

pp. 109-124

Author(s):

Megan F. Hess ◽

Andrew M. Hess

Keyword(s):

Firm Level ◽

Psychological Response ◽

Top Executives ◽

Innovation Activities ◽

Threat Rigidity ◽

Multi Level ◽

Multiple Levels ◽

Financial Misconduct ◽

Public Disclosures ◽

Level Analysis

SYNOPSIS In this study, we investigate the relation between accounting failure and innovation at multiple levels in an organization by developing and testing a model for how top executives and functional managers might change their risk preferences and their innovation investments in response to public disclosures of financial misconduct. At the firm level, we find that accounting failures reduce subsequent investments in R&D, as predicted by a threat rigidity (“play it safe”) psychological response among top executives. At the project level, accounting failures have the opposite effect, resulting in an increase in the number of exploratory projects, as predicted by a failure trap (“swing for the fences”) psychological response among functional managers. Unpacking this relation at multiple levels of analysis helps us to understand the complex ways in which financial misconduct shapes a firm's innovation activities and appreciate the far-reaching consequences of accounting failure.

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