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Severance Pay and Corporate Finance: Empirical Evidence from a Panel of Austrian and Italian Firms

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  • Mirko Cardinale
  • Mike Orszag

Abstract

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Suggested Citation

  • Mirko Cardinale & Mike Orszag, 2005. "Severance Pay and Corporate Finance: Empirical Evidence from a Panel of Austrian and Italian Firms," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 32(3), pages 309-343, September.
    • Handle: RePEc:kap:empiri:v:32:y:2005:i:3:p:309-343
    DOI: 10.1007/s10663-005-4932-8
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    References listed on IDEAS

    as
    1. Jin, Li & Merton, Robert C. & Bodie, Zvi, 2006. "Do a firm's equity returns reflect the risk of its pension plan?," Journal of Financial Economics, Elsevier, vol. 81(1), pages 1-26, July.
    2. Peter Cappelli, 2000. "Examining the Incidence of Downsizing and Its Effect on Establishment Performance," NBER Working Papers 7742, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Michael Peneder, 2008. "The Problem of Private Under-investment in Innovation: A Policy Mind Map," WIFO Working Papers 313, WIFO.

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    More about this item

    Keywords

    Austrian employee benefits; corporate finance; Italian employee benefits; severance pay; J65; J32; G10; G30;
    All these keywords.

    JEL classification:

    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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