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dc.contributor.authorCardinale, Mirkoen
dc.contributor.authorOrszag, Mikeen
dc.date.accessioned2009-01-28T16:15:54Z-
dc.date.available2009-01-28T16:15:54Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/20679-
dc.description.abstractThis paper examines the empirical link between severance pay and corporate finance.Severance pay is an economic debt of the employer and hence should be taken into accountby the market in its assessments of risk. Using a hand collected dataset of accounting datafrom Italy and Austria we find there is only a limited relationship between severance pay andmarket risk indicators. This suggests that arguments that severance pay systems destroycorporate value may need to be reassessed.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1383en
dc.subject.jelG39en
dc.subject.jelJ32en
dc.subject.jelJ65en
dc.subject.ddc330en
dc.subject.keywordseverance payen
dc.subject.keywordcorporate financeen
dc.subject.keywordAustrian employee benefitsen
dc.subject.keywordItalian employee benefitsen
dc.subject.stwAbfindungen
dc.subject.stwFinanzierungen
dc.subject.stwKreditrisikoen
dc.subject.stwSchätzungen
dc.subject.stwÖsterreichen
dc.subject.stwItalienen
dc.titleSeverance Pay and Corporate Finance : Empirical Evidence from a Panel of Austrian and Italian Firms-
dc.typeWorking Paperen
dc.identifier.ppn476103665en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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