Employment protection legislation, adjustment costs and cross-country differences in cost behavior

Central to the economic theory of sticky costs is the proposition that managers consider adjustment costs when changing resource levels. We test this proposition using employment protection legislation (EPL) provisions in different countries as a proxy for labor adjustment costs. Using a large sampl...

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Bibliographic Details
Published in:	Journal of accounting & economics Vol. 55; no. 1; pp. 111 - 127
Main Authors:	Banker, Rajiv D., Byzalov, Dmitri, Chen, Lei (Tony)
Format:	Journal Article
Language:	English
Published:	Amsterdam Elsevier B.V 01.02.2013 Elsevier Elsevier Sequoia S.A
Subjects:	1990-2008 Adjustment Adjustment costs Anpassungskosten Arbeitnehmerschutz Cost-benefit analysis Costs Economic theory Employment Employment law Employment protection legislation Industrialized nations International comparisons Labor adjustment costs Labor costs Labor law Legislation OECD OECD-Staaten Personalbeschaffung Protection Provisions Sticky costs Studies Employment protection legislation J30 D24 Labor adjustment costs M41 L23 Sticky costs
ISSN:	0165-4101, 1879-1980
Online Access:	Get full text
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