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Thus, by employing the status of a performance-based payment system, based on the firm's past decision and assured to be exogenous, as the instrumental variable (IV) for wage cuts, we estimate the impact of wage cuts on layoffs.
In the IV regression, the status of a performance-based payment system, based on the firm's past decision and assured to be exogenous, is utilized as an IV for wage cuts, and the second-stage regression showed that the imposition of wage cuts significantly reduced layoffs.
Given this first-stage regression, the status of a performance-based payment system, based on the firm's past decision and assured to be exogenous, is employed as an instrumental variable (IV) for wage cuts in a layoff regression model to overcome simultaneous bias.
Various power saving technologies based on the firm's experience as one of the biggest telecoms equipment makers.
Meridian's private discretionary clients are rotated from one sector fund to the next, based on the firm's outlook.
Their message is one of love because it is based on the firm belief that oppression not only threatens the destruction of the oppressed, but also corrupts the soul of the oppressor.
Similar(21)
Investars, for instance, a tracking service in Hoboken, N.J., reviewed the performance of model stock portfolios based on the firms' stock recommendations from July 25 , 2000 through July 24 this year.
Although they did not specifically hypothesize a U shaped relationship, they found evidence that the highest and lowest levels of CSR were associated with the highest levels of FP based on the firm-level data.
Given that firms characterized by a rigid wage structure may choose to hire more temporary workers as a response to the crisis, we evaluate the heterogeneity of the effect based on the firms' stock of temporary workers before the crisis in order to classify them.
In particular, excessive incentives to take risks might have been generated by executives' ability to cash out compensation based on the firms' short-term results.
Instead, it should be based on firm mutual respect for the enduring national interests each side has.
More suggestions(16)
based on the corporation
based on the definite
based on the solid
based on the steady
based on the unwavering
based on the strong
based on the executives
based on the decisive
based on the strict
based on the fasting
based on the truss
based on the fossil
based on the categorical
based on the collective
based on the quintiles
based on the carrier
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Justyna Jupowicz-Kozak
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