scholarly journals INFLUENCE OF SOCIAL SECURITY CONTRIBUTION RATE IN EUROPEAN BANKING INDUSTRY

Author(s):  
Muneeb Ahmad ◽  
Abdul Rehman ◽  
Muhammad Nazir
2021 ◽  
Vol 275 ◽  
pp. 02059
Author(s):  
Haizhu Zhao ◽  
Lianhua Luo

With the government setting stricter standard on carbon emission, enterprises are facing more environmental pressure and cost these years. At the same time, China’s State Council has officially announced a further reducing the social security contribution rate from May 1, 2019, it is worthy of assessing that if the reduction would decompress enterprises and promote labor demand. Our results shows that social security contribution rate does not have significantly impacts on enterprises’ labor demand overall. However, when wage and benefit are controlled, it has a direct impact on labor demand. Basic regression and heterogeneity analysis both confirm it. Wage and benefit play intermediary roles as the results show. Social security contribution rate has negatively impact on wage and benefit, which help to keep the total labor remuneration and then labor demand unchanged. State-owned and private enterprises show similar results. However, laborintensive and non-labor-intensive enterprises show slightly different results.


2019 ◽  
Vol 27 (2) ◽  
pp. 244-261 ◽  
Author(s):  
Mohammad Alhadab ◽  
Bassam Al-Own

Purpose This study aims to examine the effect of equity incentives on earnings management that occurs via the use of loan loss provisions by using a sample of 204 bank-year observations over the period 2006-2011. Design/methodology/approach The authors use the data of 39 European banks to test the main hypothesis. Several valuation models and regressions are used to measure the main proxies for executives’ compensation and the determinant factors of loan loss provisions. Findings The empirical results reveal that earnings management that occurs via discretionary loan loss provisions is associated with equity incentives in the banking industry. In particular, European banks’ executives with high equity incentives are found to manage reported earnings upwards by reducing loan loss provisions. The results therefore show that income-increasing earnings management via discretionary loan loss provisions is widely practised by the executives of European banks and that this is partly motivated by executives’ compensation. Practical implications The findings of this paper present important implications for regulators in the European Union, who should take further steps to reform the regulatory environment to monitor and mitigate the earnings management practices that occur via the manipulation of loan loss provisions. Earnings management practices do not just negatively affect subsequent performance but are also found to lead to firms’ failure. Thus, regulators should take the necessary reforms to protect the wealth of stakeholders (investors, creditors, etc.). Originality/value This study provides the first evidence on the relationship between equity incentives and earnings management in the European banking industry. The study sheds more light on an issue of great interest to a broad audience that does not receive much attention in the prior research, thus opening new avenues for future research.


Author(s):  
Francisca María Ferrando García

<p><strong>Resumen</strong> El presente trabajo versa sobre las últimas medidas legislativas introducidas a fin de garantizar los derechos a la maternidad y a la conciliación de la vida familiar y la actividad profesional de las trabajadoras autónomas, desde las perspectivas del principio de igualdad y de la promoción del autoempleo femenino. A tal fin, se estudian las escasas referencias a la conciliación en materia de jornada contenidas en la LETA. Especial atención merecen las bonificaciones en la cotización relacionadas con el ejercicio de sus derechos en materia de maternidad y conciliación, reguladas en los arts. 30, 38 y 38 <em>bis</em> LETA. Asimismo, se trata sobre la posibilidad de contratación de personas asalariadas por los TRADE, introducida en el art. 11.2.a) ET. Finalmente, se analizan las garantías previstas en el art. 15 LETA frente a la facultad de la empresa cliente de resolver el contrato con el TRADE, aspecto este último en el que se observa un claro paralelismo con el régimen aplicable al trabajo por cuenta ajena, a la vez que ciertas carencias que pueden ser consideradas contrarias a la Constitución Española. Todo ello, a la luz de las novedades introducidas por la Ley 6/2017, de Reformas Urgentes del Trabajo Autónomo.</p><p><strong>Abstract</strong> This paper studies the various mechanisms that the last legislative reforms have introduced in order to guarantee the right to motherhood and the reconciliation of family life and professional activity of self-employed women, both from the point of view of the principle of equality and from the perspective of the promotion of entrepreneurship and female self-employment. To this end, the paper reviews the few references to the conciliation in terms of working hours found in the LETA. Special attention deserve the Social Security contribution bonuses applicable to the hiring of employed persons by self-employed women to enable them to exercise their maternity and reconciliation rights, according to arts. 30, 38 and 38 <em>bis</em> LETA. Likewise, it deals with the possibility of hiring salaried persons by economically dependent workers, provided by. 11.2.a) ET. Finally, the guarantees introduced in art. 15 LETA as to the faculty of the client to resolve the contract with economically dependent workers, are analyzed, concluding the existence of a clear parallelism with the regime applicable to employment contract, while certain shortcomings that could be considered contrary to the Spanish Constitution. All this, in light of the reforms introduced by Act 6/2017, on Urgent Reforms of Autonomous Work.</p><p><strong>Key words </strong>Self-employed women motherhood, reconciliation of family life and the professional activity, Social Security contribution bonuses, female entrepreneurship, economically dependent workers<strong></strong></p>


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