scholarly journals Effect of Work–Life Balance Practices on Firm Productivity: Evidence from Japanese Firm-Level Panel Data

2014 ◽  
Vol 14 (4) ◽  
pp. 1677-1708 ◽  
Author(s):  
Isamu Yamamoto ◽  
Toshiyuki Matsuura
Keyword(s):  
Panel Data ◽  
Firm Heterogeneity ◽  
Manufacturing Firms ◽  
Firm Level ◽  
Life Balance ◽  
Firing Costs ◽  
Japanese Firms ◽  
Long Run ◽  
Human Skills ◽  
Labor Hoarding

Abstract This article examines how firm practices that could contribute to worker attainment of work–life balance (WLB) affect the total factor productivity (TFP) of a firm, by using panel data of Japanese firms from the 1990s. We observed a positive correlation between the WLB practices and TFP among sampled firms. However that correlation vanished when we controlled for the unobserved firm heterogeneity, and we found no general causal relationship in which WLB practices increase firm TFP in the medium or long run. For firms with the following characteristics, however, we found positive and sizable effects: large firms, manufacturing firms, and firms that have exhibited labor hoarding during recessions. Since these firms are likely to incur large fixed employment costs, we infer that firms investing in firm-specific human skills or having large hiring/firing costs can benefit from WLB practices through a decrease in turnover or increase in recruiting effectiveness.

Impact of Trade Liberalisation on Technical Efficiency of Vietnamese Manufacturing Firms

2011 ◽  
Vol 16 (3) ◽  
pp. 265-284 ◽  
Author(s):  
Son Ngoc Chu ◽  
Kaliappa Kalirajan
Keyword(s):  
Firm Performance ◽  
Panel Data ◽  
Technical Efficiency ◽  
Policy Implication ◽  
Manufacturing Firms ◽  
Trade Liberalisation ◽  
Firm Level ◽  
Potential Output ◽  
Long Run ◽  
Unskilled Labour

This study has examined whether trade liberalisation facilitated manufacturing firms in Vietnam to realise their production potentials fully using firm-level balanced panel data over the period 2000ȓ03. The fi ndings support the theoretical implications of the positive and robust impact of trade liberalisation on firm performance. The study reveals that while more trade liberalisation is conducive to better firm performance, increasing the share of skilled labour is the key for firms to achieve higher potential output in the long-run rather than using more unskilled labour, which is relatively more abundant in Vietnam. The policy implication is that more attention should be paid by policymakers to provide incentives and support for firms to facilitate upgrading the skills of their workers through different means such as on-the-job training.

Size-Competition-Productivity Nexus: Evidence from Indian Manufacturing Firms

2019 ◽  
Vol 20 (2) ◽  
pp. 303-321
Author(s):  
Lopamudra D. Satpathy ◽  
Bikash Ranjan Mishra
Keyword(s):  
Firm Size ◽  
Market Competition ◽  
Value Added ◽  
Product Market ◽  
Manufacturing Firms ◽  
Product Market Competition ◽  
Causality Test ◽  
Firm Level ◽  
Panel Ardl ◽  
Long Run

Over the years, researches have witnessed incongruence nature and direction of relationship among product market competition and firm size with the growth of firms’ productivity across the globe. Considering these gaps, this study aims to establish both short- and long-run relationships among these three characteristics of Indian manufacturing firms and intends to find their directions of causalities. This study uses firm-level data over a period of 1998–1999 to 2012–2013. Using Panel ARDL-PMG method, the results reveal the existence of a long-run association among product market competition, firm size and productivity growth for the full sample and for subsamples, categorizing relatively efficient and inefficient firms, and innovative and non-innovative firms. From the panel VECM Granger causality test, it has been observed that there is the long-run feedback relationship among these three variables. The empirical evidence suggests that as the intensity of competition becomes stronger and the firm-specific capabilities expand, they impart improved productivity via within and between firm effects. This draws some major implications for policymakers to embrace more competitive prone policies along with encouragement to firm specificities to realise value-added productivity. JEL: C33, D24, L11, L60

Körperschaftsbesteuerung und Unternehmensverschuldung: Evidenz aus einem Europäischen Firmenpanel / Capital Structure and Corporate Taxation: Empirical Evidence from European Panel Data

2013 ◽  
Vol 233 (2) ◽  
Author(s):  
Matthias Stöckl ◽  
Hannes Winner
Keyword(s):  
Panel Data ◽  
Firm Heterogeneity ◽  
Corporate Taxation ◽  
Dynamic Panel Data ◽  
Marginal Effect ◽  
The European Union ◽  
Legal Form ◽  
Tax Rate ◽  
Long Run ◽  
The Impact

SummaryThis paper analyzes the impact of corporate taxation on a firm’s debt policy. We contribute to the existing literature in two ways: (i) we explicitly model persistence in the debt-to-asset ratio, and (ii) we incorporate firm heterogeneity with respect to firm size and legal form. Empirically, this implies the use of dynamic panel data econometrics.We employ a panel of about 110,000 firms from 22 countries of the European Union between 1999 and 2007. First, we find that capital structures exhibit a substantial degree of persistence over time. Second, and in line with theoretical expectations, we find that the debt ratio is positively affected by the statutory corporate income tax rate. Specifically, we observe a marginal effect of around 0.3 in our baseline specification, translating into a short-run (long-run) elasticity of about 0.2 (0.3-1.5). Finally, our empirical results show that large firms react more sensitively to the incentives of corporate taxation, while this effect is smaller for public limited companies.

Is There Really a Foreign Ownership Productivity Advantage? Evidence from Nigerian Manufacturing Firms

2020 ◽  
Vol 29 (5) ◽  
pp. 475-490
Author(s):  
Kilishi Adamu Alka
Keyword(s):  
Panel Data ◽  
Measurement Errors ◽  
Firm Heterogeneity ◽  
Labour Productivity ◽  
Policy Issue ◽  
Capital Intensity ◽  
Foreign Ownership ◽  
Manufacturing Firms ◽  
Factor Productivity

ABSTRACT The role of foreign ownership of an enterprise in impacting their performance is a vital policy issue for Africa. In this paper, panel data for manufacturing firms is used to investigate that role in Nigeria. After controlling for unobserved firm heterogeneity, inputs simultaneity, measurement errors and possible selection bias, I find that foreign ownership has a positive, but statistically insignificant, effect on total factor productivity (TFP). However, foreign-owned firms operate on a far larger scale than domestic ones, with much higher levels of employment, capital intensity and labour productivity. As it is labour productivity that determines the ability of firms to pay higher wages, the evidence presented in this paper suggests it is their ability to operate at higher scale, rather than having higher TFP, is what characterises foreign-owned firms in Nigeria.

The End of Multi-Fibre Arrangement and Firm Performance in the Textile Industry: New Evidence

2013 ◽  
Vol 52 (2) ◽  
pp. 97-126 ◽  
Author(s):  
Zara Liaqat
Keyword(s):  
Textile Industry ◽  
Manufacturing Industry ◽  
Firm Heterogeneity ◽  
Production Functions ◽  
Firm Level ◽  
Quality Ladders ◽  
Sectoral Differences ◽  
The Mean ◽  
New Evidence ◽  
Empirical Methodology

Using a sample of 321 textile and clothing companies for the years 1992 to 2010, this paper analyses the effect of quota phase-outs on firm-level efficiency in Pakistan following the end of the Multi-Fibre Arrangement (MFA). It highlights sectoral heterogeneity within the manufacturing industry as a result of MFA expiration. The empirical methodology uses the structural techniques proposed by Olley and Pakes (1996), and Levinsohn and Petrin (2003) in order to take care of endogeneity in the estimation of production functions. The results differ for the two industries: MFA expiration lead to an increase in the average productivity of textile producing firms but a significant reduction in the mean productivity of clothing producers. We offer a number of explanations for this outcome, such as a change in the input and product mix, entry by non-exporters in the clothing sector, and sectoral differences in quality ladders. A number of crucial policy lessons can be drawn from the findings of this study. JEL Classification:F13; F14; D24; C14; O19 Keywords: Multi-Fibre Arrangement, Trade Liberalisation, Productivity, Firm Heterogeneity, Simultaneity and Production Functions, Endogeneity of Protection

THE EFFECTS OF TAXATION ON INVESTMENT: NEW EVIDENCE FROM FIRM LEVEL PANEL DATA

1992 ◽  
Vol 45 (3) ◽  
pp. 243-251
Author(s):  
JASON G. CUMMINS ◽  
KEVIN A. HASSETT
Keyword(s):  
Panel Data ◽  
Firm Level ◽  
New Evidence
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