不当排放法与不对称成本行为

Yongtae Kim, Siqi Li, Hyungshin Park
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引用次数: 0

摘要

利用美国各州采用不当解雇法(wdl)所创造的自然实验,我们研究了针对不公平雇佣终止的法律保护对公司层面成本行为的影响。我们发现,采用wdl增加了成本对活动的不对称敏感性(即成本粘性)。wdl对成本粘性的影响因公司和行业而异,也因采用时间和多样性而异。证据表明,国家层面法律环境的变化对企业层面的资源调整决策和不对称成本行为有显著影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Wrongful Discharge Laws and Asymmetric Cost Behavior
Exploiting the natural experiment created by the adoption of wrongful discharge laws (WDLs)
across U.S. states, we examine the effect of legal protection against unjust employment
termination on firm-level cost behavior. We find that the adoption of WDLs increases the
asymmetric sensitivity of costs to activity (i.e., cost stickiness). The effect of WDLs on cost
stickiness varies across firms and industries, as well as by adoption timing and multiplicity. Our
evidence suggests that changes in the state-level legal environment have a significant effect on
firm-level resource adjustment decisions and asymmetric cost behavior.
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