scholarly journals The Impact of Information Technology on High-Skilled Labor in Services: Evidence from Firm-Level Panel Data

2003 ◽  
Author(s):  
Martin Falk ◽  
Katja Seim
Keyword(s):  
Information Technology ◽  
Panel Data ◽  
Skilled Labor ◽  
Firm Level ◽  
The Impact

scholarly journals Does Water, Waste, and Energy Consumption Influence Firm Performance? Panel Data Evidence from S&P 500 Information Technology Sector

2020 ◽  
Vol 17 (14) ◽  
pp. 5206
Author(s):  
Liliana Nicoleta Simionescu ◽  
Ștefan Cristian Gherghina ◽  
Ziad Sheikha ◽  
Hiba Tawil
Keyword(s):  
Information Technology ◽  
Energy Consumption ◽  
Firm Performance ◽  
Panel Data ◽  
Negative Impact ◽  
Total Energy Consumption ◽  
Technology Sector ◽  
Information Technology Sector ◽  
The Impact ◽  
Water Waste

This paper aimed to investigate the impact of water, waste, and energy consumption on firm performance for a sample of enterprises that belong to the S&P 500 Information Technology sector over the period of 2009–2020. The quantitative framework covered both accounting (e.g., return on assets—ROA; return on common equity—ROE; return on capital—ROC; return on invested capital—ROIC) and market-based measures of performance (e.g., price-to-book value—PB), alongside firm and corporate governance specific variables. By estimating multivariate panel data regression models, the empirical results provided support for a negative impact of total water use on PB but a positive effect on ROA. With reference to the total waste, the econometric outcomes revealed a negative influence on the entire selected performance measures, whereas total energy consumption did not reveal any statistically significant influence.

scholarly journals The Return on Information Technology: Who Benefits Most?

2020 ◽  
Author(s):  
Emmanuel Dhyne ◽  
Jozef Konings ◽  
Jeroen Van den bosch ◽  
Stijn Vanormelingen
Keyword(s):  
Information Technology ◽  
Panel Data ◽  
Information And Communication Technology ◽  
Communication Technology ◽  
Value Added ◽  
Marginal Product ◽  
Aggregate Level ◽  
Firm Level ◽  
Information And Communication ◽  
Business To Business

Information and communication technology (ICT) has continuously reshaped the way in which businesses operate. Yet opinions among economists about the returns to ICT, especially at the aggregate level, are divided. We exploit business-to-business transaction panel data from ICT producers to construct ICT capital stocks for a large sample of Belgian firms. This allows us to estimate the returns to ICT at the firm level and to investigate how firm-level ICT investments affected aggregate gross domestic product and productivity. We find large returns to ICT—more precisely, a firm investing an additional euro in ICT—increases value added by 1 euro and 35 cents on average. This marginal product of ICT investment increases with firm size and varies across sectors. Although we find substantial returns to ICT at the firm level, returns are much lower at the aggregate level. This is due to underinvestment in ICT (ICT capital deepening is low) and because firms with especially high returns are underinvesting.

Does the investment climate rating influence the economic development of the region?

2019 ◽  
pp. 90-102
Author(s):  
Philipp S. Kartaev ◽  
Konstantin E. Polunin
Keyword(s):  
Economic Development ◽  
Panel Data ◽  
Russian Federation ◽  
Skilled Labor ◽  
Investment Climate ◽  
Highly Skilled ◽  
The Russian Federation ◽  
National Investment ◽  
The Impact

The paper examines the impact of improving the characteristics of the national investment climate rating of a subject of the Russian Federation on economic development. Based on the analysis of regional panel data for the period from 2014 to 2018, it was shown that an increase in the rating of a region is associated with an inflow of investments and an increase in GRP. One of the identified channels of this influence is associated with the market of highly skilled labor. It is demonstrated that, given the inaccessibility of detailed information about the results of the regions development to investors, the rating does not fully function as a signal to them. Based on the obtained results, the recommendations for improving the rating methodology were formulated.

scholarly journals Exploring the Relationship between Financial Distress, Financial Flexibility, and Firm Performance: Empirical Evidence from Pakistan Stock Exchange

2018 ◽  
pp. 1-16
Author(s):  
Yasin Mahmood ◽  
Muhammad Faisal Rizwan ◽  
Abdul Rashid
Keyword(s):  
Firm Performance ◽  
Panel Data ◽  
Financial Distress ◽  
Stock Exchange ◽  
Z Score ◽  
Firm Level ◽  
Financial Flexibility ◽  
Corporate Managers ◽  
And Performance ◽  
The Impact

Purpose– This main purpose of this paper is to empirically investigate the impact of corporate financial flexibility (FF) on financial distress and performance of firms listed on the Pakistan Stock Exchange (PSX). It enables to know how financial flexibility affects the firm financial strength, financial distress, and corporate performance. Design/methodology/approach –This study focuses on a firm level data of 192 non-financial firms covering the period 1992 - 2014. The fixed effect model logistic regression is applied by using unbalanced panel data to examine the impact of financial flexibility on financial distress, and performance of sample firms. Findings – The results reveal that financially flexible firms are less likely to face financial distress. As firms have more financial flexibility, the probability of financial distress decreases as well. It is also found that financially flexible firms are more likely to perform well than counterpart firms. By using the Altman z score as a measure of financial distress it is revealed that as the Altman z score increases, the chances of financial distress reduce as well. These findings also suggest the existence of pecking order in Pakistani firms; because firms rely on internal sources first, second go to external sources of financing. Practical implications – the findings of this study enable the corporate managers to avoid financial distress by obtaining and maintaining financial flexibility by keeping the leverage level lower than industry level. By attaining and maintaining financial flexibility, corporate managers can also raise the performance of the firm as well. It can also enable to make appropriate capital structure decision to finance managers of corporate firms. The creditors may provide the loan to sound firms who have no or least chances of financial distress. The lenders may also get benefit from it by requiring the interest rate as per risk of financial distress of the firm. Investors may avoid investing in firms having very little or no financial flexibility. JEL Classification– G33, L25 Keywords: Altman z score, financial flexibility, firm performance, return on asset, panel data, financial distress, modified z score.

scholarly journals Explaining leaving union membership by the degree of labour market attachment: Exploring the case of Germany

2015 ◽  
Vol 39 (1) ◽  
pp. 64-86 ◽  
Author(s):  
Janine Leschke ◽  
Kurt Vandaele
Keyword(s):  
Panel Data ◽  
Labour Market ◽  
Union Membership ◽  
Trade Unions ◽  
Firm Level ◽  
Non Union ◽  
The Impact

By particularly stressing the weaker labour market attachment of workers with non-standard contracts, this article contributes to the rather unexplored issue of mainly non-union-related reasons for leaving trade unions. Germany has been selected as a case study because German unions experienced a steady decline in membership, while at the same time non-standard employment arrangements increased considerably and more so than the European average. Using the German Socio-Economic Panel data, the authors construct a labour market attachment variable capturing different degrees of attachment. Their analysis shows the impact of labour market attachment and firm-level characteristics on union leaving and points especially to important differences across gender.

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