Firm-level political risk and labor performance

被引：2

作者：

Orlova, Svetlana ^{[1
]}

Sun, Li ^{[1
]}

机构：

[1] Univ Tulsa, Collins Coll Business, Tulsa, OK 74104 USA

来源：

INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS | 2024年 / 96卷

关键词：

Political risks; Labor performance; Labor efficiency; Labor cost; HUMAN-RESOURCE MANAGEMENT; PRODUCTIVITY; UNCERTAINTY; POLICY;

D O I：

10.1016/j.irfa.2024.103697

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study examines how firm-level political risk relates to labor performance, measured as the ratio of the total of net income and labor cost to the number of employees. Using a sample of 9508 firm-year observations consisting of U.S. firms during the years 2002-2021, we find a significant and negative relation between political risk and labor performance. Our empirical tests show that after controlling for other factors, firms facing a higher level of political risk demonstrate lower labor performance, highlighting the negative impact of political risk on firm behavior and outcomes.

引用

页数：17

共 39 条

[31] Asset redeployability and employee performance [J].

Murphy, Brid ;

Sun, Li .

INTERNATIONAL JOURNAL OF DISCLOSURE AND GOVERNANCE, 2023, 20 (02) :185-199

[32] Uncertainty about Government Policy and Stock Prices [J].

Pastor, Lubos ;

Veronesi, Pietro .

JOURNAL OF FINANCE, 2012, 67 (04) :1219-1264

[33] Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches [J].

Petersen, Mitchell A. .

REVIEW OF FINANCIAL STUDIES, 2009, 22 (01) :435-480

[34] What trade-off of risk and incentives? [J].

Prendergast, C .

AMERICAN ECONOMIC REVIEW, 2000, 90 (02) :421-425

[35]

Stock J. H., 2005, IDENTIFICATION INFER, P109, DOI [DOI 10.1017/CBO9780511614491.007, DOI 10.1017/CBO9780511614491.006]

[36] Business Reputation and Labor Efficiency, Productivity, and Cost [J].

Stuebs, Marty ;

Sun, Li .

JOURNAL OF BUSINESS ETHICS, 2010, 96 (02) :265-283

[37] The impact of corporate social responsibility on employee performance and cost [J].

Sun, Li ;

Yu, T. Robert .

REVIEW OF ACCOUNTING AND FINANCE, 2015, 14 (03) :262-284

[38]

Weston JF., 1972, International managerial finance

[39] In search of new foundations [J].

Zingales, L .

JOURNAL OF FINANCE, 2000, 55 (04) :1623-1653

← 1 2 3 4 →