Profit related pay in Italy: A microeconometric analysis
作者： Gianni Amisano , Alessandra Del Boca
DOI: 10.1108/01437720410554160
关键词: Actuarial science 、 Incentive 、 Payment 、 Economics 、 Econometrics 、 Logistic regression 、 Profit (economics) 、 Debt 、 Panel data 、 Lower cost
摘要: This paper investigates which company characteristics affect the decision to introduce profit‐sharing. Unlike most studies, this relies on a ten‐year panel. The results presented in are based estimation of panel data fixed‐effect logit model. Given that they immune from heterogeneity bias, it is believed these more reliable than those obtained by estimating cross‐sectional models. These line with common findings literature. Companies likely profit‐sharing (PS) larger firms invest more, due lower cost debt, and tend pay higher wages as an incentive boost initially productivity. companies undertake investment projects support interpretation PS risk‐sharing device.
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