Firm-level political risk and labor performance

IF 7.5 1区经济学 Q1 BUSINESS, FINANCE

International Review of Financial Analysis Pub Date : 2024-10-24 DOI:10.1016/j.irfa.2024.103697

Svetlana Orlova, Li Sun

引用次数: 0

Abstract

This study examines how firm-level political risk relates to labor performance, measured as the ratio of the total of net income and labor cost to the number of employees. Using a sample of 9508 firm-year observations consisting of U.S. firms during the years 2002–2021, we find a significant and negative relation between political risk and labor performance. Our empirical tests show that after controlling for other factors, firms facing a higher level of political risk demonstrate lower labor performance, highlighting the negative impact of political risk on firm behavior and outcomes.

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企业层面的政治风险与劳动绩效

本研究探讨了公司层面的政治风险与劳动绩效的关系，劳动绩效是指净收入和劳动成本的总和与员工人数的比率。通过对 2002-2021 年间 9508 家美国公司的公司年观察样本进行分析，我们发现政治风险与劳动绩效之间存在显著的负相关关系。我们的实证检验表明，在控制了其他因素后，面临较高政治风险的企业表现出较低的劳动绩效，这凸显了政治风险对企业行为和结果的负面影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Review of Financial Analysis BUSINESS, FINANCE-

CiteScore

10.30

自引率

9.80%

发文量

366

期刊介绍： The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.