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https://hdl.handle.net/10419/20679
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Cardinale, Mirko | en |
dc.contributor.author | Orszag, Mike | en |
dc.date.accessioned | 2009-01-28T16:15:54Z | - |
dc.date.available | 2009-01-28T16:15:54Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/20679 | - |
dc.description.abstract | This 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.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x1383 | en |
dc.subject.jel | G39 | en |
dc.subject.jel | J32 | en |
dc.subject.jel | J65 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | severance pay | en |
dc.subject.keyword | corporate finance | en |
dc.subject.keyword | Austrian employee benefits | en |
dc.subject.keyword | Italian employee benefits | en |
dc.subject.stw | Abfindung | en |
dc.subject.stw | Finanzierung | en |
dc.subject.stw | Kreditrisiko | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Österreich | en |
dc.subject.stw | Italien | en |
dc.title | Severance Pay and Corporate Finance : Empirical Evidence from a Panel of Austrian and Italian Firms | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 476103665 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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