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Employment protection legislation and profits
Suzana Laporšek, Igor Stubelj, 2012, original scientific article

Abstract: The objective of the paper is to examine the relationship between employment protection regulations and profits in the European economies. Using regression analysis on the panel of 18 European countries over the period 1998-2008, we study the effect of EPL index on net operating surplus of mixed income (a measure of profits). Our findings confirm a statistically significant negative relation between EPL index and profits at the level of economies, implying that more rigid employment legislation, and by that higher hiring and firing costs, hinder an efficient allocation of resources, resulting in lower efficiency of companies and in decline of profits. Although the effect is small, we believe that further flexibilization of employment protection regulation presents an important determinant not only for labor market performance and productivity, but also for companiesʼ profits and therefore for the competitiveness of the European countries.
Found in: ključnih besedah
Summary of found: Zadetek v naslovu
Keywords: employment, employment protection, EPL index, profits, investments, economic policy, Europa
Published: 15.10.2013; Views: 1712; Downloads: 10
URL Full text (0,00 KB)

Investment and profits
Igor Stubelj, 2014, original scientific article

Abstract: The purpose of the paper is to present the theoretical and empirical analysis of the causal relationship between company's investment and profits. Following the previous research findings that are not unanimous, we examined the causal relation between profits and investment both at the aggregate and at the industry level. The theory on the field allows us to define three basic theses: profits determine investment on the aggregate level or industry sectors level in a national economy, investment determines profits, and profits determine investment and investment determine profits. We used the Granger definition of causality and the Toda-Yamamoto procedure. Based on the results of the analysis, we can claim that investment determines profits in a national economy. At the industry sectors level there is the greatest support for a cause-and-effect relation in the direction from profits to investment. The results of our empirical analysis and contextual interpretation can help in identifying potential factors and barriers that hinder the effective functioning of the economic system. It is undisputed that investment and profits is extraordinarily important for the economic system and that the investment and profits relation is undeniably strong.
Found in: ključnih besedah
Summary of found: Zadetek v naslovu
Keywords: investment, profits, causality, industry
Published: 14.10.2015; Views: 959; Downloads: 25
URL Full text (0,00 KB)
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