The effect of labour protection laws on the relationship between leverage and wages

Previous research has shown that leverage has a positive effect on wages. Using US state-level labour protection laws as an exogenous shock, we find that the adoption of the law alleviates the effect of leverage on wages. We show that the mitigating effect on the leverage-wage relationship is more p...

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Bibliographic Details
Main Authors: Ahmet Karpuz, Di Luo, Rongbing Xiao, Huainan Zhao
Format: Default Article
Published: 2022
Subjects:
Banking, finance and investment
Economic theory
Applied mathematics
Finance
Labour protection law
leverage
employee pay
employee bargaining power
capital structure
Online Access:https://hdl.handle.net/2134/21909180.v1
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https://hdl.handle.net/2134/21909180.v1

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