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Financing Decision and Labor Cost: Evidence from South Asian Countries

Xuan Vinh Vo|Thi Phuong Vy Le
경제연구소 (Hanyang Economic Research Institute)|2020.03|Journal of Economic Development|제45권 제1호|pp. 185-201|DOI 10.35866/caujed.2020.45.1.010

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참고문헌

키워드

Ownership StructureLabor CostFinancial Leverage
주제분류경제학

초록

This study investigates the effect of financial leverage on labor costs using a data sample of listed companies from Southeast Asian countries covering the period from 2009 to 2015. Using several techniques for robust results, the results show that financial leverage has a negative effect on labor costs. In addition, the study finds that the negative impact of financial leverage on labor cost tends to be less in state-owned, foreign-owned, and large companies.

Abstract

This study investigates the effect of financial leverage on labor costs using a data sample of listed companies from Southeast Asian countries covering the period from 2009 to 2015. Using several techniques for robust results, the results show that financial leverage has a negative effect on labor costs. In addition, the study finds that the negative impact of financial leverage on labor cost tends to be less in state-owned, foreign-owned, and large companies.

참고문헌 (25)

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