Minimum Wage, Market Imperfection, and Production Efficiency: Panel Event Study in Vietnam

2020 ◽  
Author(s):  
Manabu Nose
Keyword(s):  
Minimum Wage ◽  
Event Study ◽  
Production Efficiency ◽  
Market Imperfection

scholarly journals Regional Differentiation of Labour Productivity and Distribution of Value Added

2019 ◽  
pp. 2290-2308 ◽  
Author(s):  
Elena N. Pochekutova
Keyword(s):  
Minimum Wage ◽  
Production Efficiency ◽  
Labour Productivity ◽  
Value Added ◽  
Regional Differentiation ◽  
Average Wage ◽  
Economic Activities ◽  
Industry Specialization ◽  
Wage Formation ◽  
High Level

The article deals with the issue of the distribution of value added in the course of wage formation. Improvement of the efficiency of social production in Russia is associated with the need for innovative, technological changes that should lead to an increase in labor productivity. The Russian Federation is not a country with a high level of production efficiency. Frequently, this very fact is the reason for justifying the low wages in the country. The paradox of the existence of the category of working citizens — “the working poor” — in the country is based, among other things, on a low level of guaranteed incomes — the minimum wage. The minimum wage until May 1, 2018 did not meet the minimum wage. Neither in economic theory nor in the practice of national economies does there exist an “optimal” correlation of the distribution of value added between employees and owners. Yet, the ratio of the minimum wage to the value added rather vividly characterizes the fairness of the current systems of relations in the labour market, this phenomenon being termed “the freedom of work” by a number of experts. The size of the average wage in the region depends on the presence of high value added industries in the territory, i.e. on industry specialization. The established practice in Russia is as follows: the higher the level of average wage is, the lower the share of value added per wage is. Regions without specialization in high value-added economic activities will more realistically assess the level of socio-economic development, basing their strategic development on industries that form more equitable wage systems and equalize the average wage

DIRECTIONS OF INCREASE IN PRODUCTION EFFICIENCY AND PROCESSING OF MILK

2016 ◽  
pp. 24-29
Author(s):  
A. Trubilin ◽  
V. Gayduk ◽  
V.A. Sirotkin ◽  
A.V. Kondrashova
Keyword(s):  
Production Efficiency

FACTORS OF GROWTH OF PRODUCTION EFFICIENCY OF POTATOES

2018 ◽  
pp. 31-37
Author(s):  
S.N. Navdaeva ◽  
E.A. Gunina
Keyword(s):  
Production Efficiency

Introduction of a Nationwide Minimum Wage: Challenges to Agribusinesses in Germany

2017 ◽  
pp. 13-34 ◽  
Author(s):  
Vera Bitsch ◽  
Stefan Mair ◽  
Marta M. Borucinska ◽  
Christiane A. Schettler
Keyword(s):  
Minimum Wage

Development and production experience of the multilayer curtain-coated linerboard of Ji’an PM No. 3,

TAPPI Journal ◽  
2014 ◽  
Vol 13 (2) ◽  
pp. 17-25
Author(s):  
JUNMING SHU ◽  
ARTHAS YANG ◽  
PEKKA SALMINEN ◽  
HENRI VAITTINEN
Keyword(s):  
Titanium Dioxide ◽  
High Speed ◽  
Food Packaging ◽  
Production Efficiency ◽  
Positive Impact ◽  
Low Cost ◽  
Board Structure ◽  
Flexographic Printing ◽  
Curtain Coating ◽  
Coating Formulations

The Ji’an PM No. 3 is the first linerboard machine in China to use multilayer curtain coating technology. Since successful startup at the end of 2011, further development has been carried out to optimize running conditions, coating formulations, and the base paper to provide a product with satisfactory quality and lower cost to manufacture. The key challenges include designing the base board structure for the desired mechanical strength, designing the surface properties for subsequent coating operations, optimizing the high-speed running of the curtain coater to enhance production efficiency, minimizing the amount of titanium dioxide in the coating color, and balancing the coated board properties to make them suitable for both offset and flexographic printing. The pilot and mill scale results show that curtain coating has a major positive impact on brightness, while smoothness is improved mainly by the blade coating and calendering conditions. Optimization of base board properties and the blade + curtain + blade concept has resulted in the successful use of 100% recycled fiber to produce base board. The optical, mechanical, and printability properties of the final coated board meet market requirements for both offset and flexographic printing. Machine runnability is excellent at the current speed of 1000 m/min, and titanium dioxide has been eliminated in the coating formulations without affecting the coating coverage. A significant improvement in the total cost of coated white liner production has been achieved, compared to the conventional concept of using virgin fiber in the top ply. Future development will focus on combining low cost with further quality improvements to make linerboard suitable for a wider range of end-use applications, including frozen-food packaging and folding boxboard.

Upscaling of foam forming technology for pilot scale

TAPPI Journal ◽  
2019 ◽  
Vol 18 (8) ◽  
Author(s):  
JANI LEHMONEN ◽  
TIMO RANTANEN ◽  
KARITA KINNUNEN-RAUDASKOSKI
Keyword(s):  
Production Efficiency ◽  
Strength Loss ◽  
Pilot Scale ◽  
Foam Density ◽  
Forming Process ◽  
Production Scale ◽  
Forming Technology ◽  
Wet Pressing ◽  
Foam Forming ◽  
Board Industry

The need for production cost savings and changes in the global paper and board industry during recent years have been constants. Changes in the global paper and board industry during past years have increased the need for more cost-efficient processes and production technologies. It is known that in paper and board production, foam typically leads to problems in the process rather than improvements in production efficiency. Foam forming technology, where foam is used as a carrier phase and a flowing medium, exploits the properties of dispersive foam. In this study, the possibility of applying foam forming technology to paper applications was investigated using a pilot scale paper forming environment modified for foam forming from conventional water forming. According to the results, the shape of jet-to-wire ratios was the same in both forming methods, but in the case of foam forming, the achieved scale of jet-to-wire ratio and MD/CD-ratio were wider and not behaving sensitively to shear changes in the forming section as a water forming process would. This kind of behavior would be beneficial when upscaling foam technology to the production scale. The dryness results after the forming section indicated the improvement in dewatering, especially when foam density was at the lowest level (i.e., air content was at the highest level). In addition, the dryness results after the pressing section indicated a faster increase in the dryness level as a function of foam density, with all density levels compared to the corresponding water formed sheets. According to the study, the bonding level of water- and foam-laid structures were at the same level when the highest wet pressing value was applied. The results of the study show that the strength loss often associated with foam forming can be compensated for successfully through wet pressing.

Długookresowy wpływ połączeń przedsiębiorstw na wartość spółek przejmujących

2010 ◽  
pp. 33-36
Author(s):  
Leszek Czerwonka
Keyword(s):  
Event Study

Przedsiębiorstwa jako drogę wzrostu często wybierają transakcje połączeń z innymi podmiotami rynkowymi. Transakcje te wpływają na przyszłe zyski przedsiębiorstw, a przez to na cenę spółek. Celem opracowania jest analiza wpływu transakcji połączeń na wartość spółek przejmujących, notowanych na warszawskiej Giełdzie Papierów Wartościowych, w okresie 3 lat po ogłoszeniu transakcji. Badania dokonano metodą analizy zdarzeń (event study), w ramach której dokonano oceny wpływu ogłoszenia fuzji na nadzwyczajne stopy zwrotu z akcji BHAR. (abstrakt oryginalny)

The Determinants of Merger Withdrawals’ Abnormal Returns in The Australian Market

2015 ◽  
pp. 89-110 ◽  
Author(s):  
Thuy Nguyen Thu ◽  
Giang Dao Thi Thu ◽  
Hoang Truong Huy
Keyword(s):  
Financial Crisis ◽  
Event Study ◽  
Abnormal Returns ◽  
Market Response ◽  
Crisis Period ◽  
Valuation Effects ◽  
Event Study Method ◽  
Private And Public ◽  
Method Of Payment ◽  
The Impact

This paper examines the abnormal returns in merger withdrawals in Australia, especially distinguishing the market response between private and public targets. We also study the determinants of those abnormal returns, including the method of payment and the impact of financial crisis periods. Using the event study method, we document that in the Australian context, the announced withdrawal of mergers involving private targets creates significantly negative valuation effects in comparison with the valuation effects in withdrawal of mergers involving public targets. We also find that a financial crisis period strongly affects abnormal returns of merger withdrawals. However, the method of payment does not have any impact on the abnormal returns.

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