Performance Volatility and Wage Elasticity:An Examination of Listed Chinese A-share Enterprises

被引：3

作者：

Donghua Chen ^{[1
]}

Yongjian Shen ^{[1
]}

Lihua Chen ^{[1
]}

机构：

[1] Research Institute of Accounting and Finance, Nanjing University Department of Accounting, School of Business, Nanjing University

来源：

China Journal of Accounting Research | 2009年 / 02期

关键词：

Wage rigidity; Performance volatility; Financial risk;

D O I：

暂无

中图分类号：

F832.51 []; F272 [企业计划与经营决策];

学科分类号：

020204 ; 1201 ;

摘要：

The management of future financial risk on the part of managers and changes in firm finances are two of the fundamental reasons for upward and downward rigidity of wages.The proxy variable for firm financial risk is volatility,the past performance of which is among the principal indicators of wage rigidity.In firms whose current performance is on the upswing,the greater the volatility in past performance,the smaller the elasticity ratio and the more acute the upward rigidity;the more stable past performance,the larger the elasticity ratio and the more acute the upward elasticity.In firms in which current performance is declining,greater past performance volatility leads to a larger elasticity ratio and more acute downward rigidity,whereas more stable such performance leads to a smaller elasticity ratio and more acute downward rigidity.

引用

页码：109 / 140

页数：32

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