Minimum Wages and Firm Value
Minimum Wages and Firm Value
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最低工资和公司价值
DOI：
10.1086/693870
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发表时间：
2018
影响因子：
3.8
通讯作者：
S. Machin
中科院分区：
文献类型：
--
作者：
Brian Bell;S. Machin
企业价值如何变化以应对最低工资上涨？本文利用了英国最低工资的重大变化的宣布，这是完全出乎意料的，没有不确定性。股票市场对此的反应是在事件研究环境中进行研究的。分析揭示了低工资公司股票市场价值的显著福尔斯下跌。根据这一发现，本文最后讨论的反应幅度，包括企业调整的长期模式的成本冲击引起的最低工资上调。
How does firm value change in response to a minimum wage hike? This paper exploits the announcement of a big change in the UK minimum wage that was both totally unanticipated and free of uncertainty. The stock market response to this is examined in an event study setting. The analysis uncovers significant falls in the stock market value of low-wage firms. In light of this finding, the paper concludes by discussing magnitudes of response, including longer-term modes of firm adjustment to the cost shock induced by the minimum wage hike.
影响因子：
2
作者：
Sorkin, Isaac
通讯作者：
Sorkin, Isaac