Firm-level political risk and labor performance

被引：0
|
作者：
Orlova, Svetlana [1 ]
Sun, Li [1 ]
机构：
[1] Univ Tulsa, Collins Coll Business, Tulsa, OK 74104 USA
来源：
INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS | 2024年 / 96卷
关键词：
Political risks; Labor performance; Labor efficiency; Labor cost; HUMAN-RESOURCE MANAGEMENT; PRODUCTIVITY; UNCERTAINTY; POLICY;
D O I：
10.1016/j.irfa.2024.103697
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This study examines how firm-level political risk relates to labor performance, measured as the ratio of the total of net income and labor cost to the number of employees. Using a sample of 9508 firm-year observations consisting of U.S. firms during the years 2002-2021, we find a significant and negative relation between political risk and labor performance. Our empirical tests show that after controlling for other factors, firms facing a higher level of political risk demonstrate lower labor performance, highlighting the negative impact of political risk on firm behavior and outcomes.
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页数：17
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