DC FieldValueLanguage
dc.contributor.authorKallandranis, Christos-
dc.contributor.authorDrakos, Konstantinos-
dc.date.accessioned2024-03-04T21:35:31Z-
dc.date.available2024-03-04T21:35:31Z-
dc.date.issued2006-11-01-
dc.identifierscopus-33845274075-
dc.identifier.issn14679914-
dc.identifier.issn11217081-
dc.identifier.other33845274075-
dc.identifier.urihttps://uniwacris.uniwa.gr/handle/3000/1361-
dc.description.abstractIn this study we develop a simple econometric model for labour demand dynamics by explicitly considering deviations from the standard frictionless economic environment. In particular, we explore the potential effect on labour demand of capital market imperfections, labour market institutional rigidities in the form of union power, and the impact of uncertainty. In addition, in the presence of uncertainty, adjustment costs and irreversibility emerge as an important factor that introduces an option value of waiting. According to our results, leverage exerts a direct negative impact on employment dynamics indicating that capital market imperfections are indeed present. Moreover, leverage is found to also affect the adjustment process of employment. Finally, we document asymmetric effects of frictions on labour demand across different size groups that imply a higher vulnerability of small and medium sectors with respect to debt levels. Uncertainty exerts a significantly negative impact on labour demand, which is compatible with presence of partial irreversibility of employment decisions. Finally, unions over and above their effect via higher wages are positively related to employment, a finding that is indicative of their pursue for job security.en_US
dc.language.isoenen_US
dc.relation.ispartofReview of Labour Economics and Industrial Relationsen_US
dc.titleModelling labour demand dynamics beyond the frictionless environmenten_US
dc.typeArticleen_US
dc.identifier.doi10.1111/j.1467-9914.2006.00357.xen_US
dc.identifier.scopus2-s2.0-33845274075-
dcterms.accessRights0en_US
dc.relation.deptDepartment of Accounting and Financeen_US
dc.relation.facultySchool of Administrative, Economics and Social Sciencesen_US
dc.relation.volume20en_US
dc.relation.issue4en_US
dc.identifier.spage699en_US
dc.identifier.epage720en_US
dc.collaborationUniversity of West Attica (UNIWA)en_US
dc.subject.fieldSocial Sciencesen_US
dc.journalsSubscriptionen_US
dc.publicationPeer Revieweden_US
dc.countryGreeceen_US
item.cerifentitytypePublications-
item.languageiso639-1en-
item.openairetypeArticle-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.fulltextNo Fulltext-
item.grantfulltextnone-
crisitem.author.deptDepartment of Accounting and Finance-
crisitem.author.facultySchool of Administrative, Economics and Social Sciences-
crisitem.author.orcid0000-0003-2111-4448-
crisitem.author.parentorgSchool of Administrative, Economics and Social Sciences-
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