Capital structure and labour demand: Investigations using German micro data

被引：9

作者：

Funke, M ^{[1
]}

Maurer, W ^{[1
]}

Strulik, H ^{[1
]}

机构：

[1] Univ Hamburg, Hamburg, Germany

来源：

OXFORD BULLETIN OF ECONOMICS AND STATISTICS | 1999年 / 61卷 / 02期

关键词：

D O I：

10.1111/1468-0084.00125

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The paper analyses the interaction between capital structure and employment decisions of firms. For this purpose, a theoretical model is developed in which a firn determines employment along an optimal path taking into account financial considerations. The empirical analysis using West German micro data proves that a negative relationship exists between employment and the debt asset ratio of the firm. We also demonstrate that as real wages (sales) increase, employment decreases (increases).

引用

页码：199 / 215

页数：17

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[2]

ARELLANO M, 1991, REV ECON STAT, V58, P29

[3]

Baltagi B.H., 2008, ECONOMETRIC ANAL PAN

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