Detailed Information
Cited 9 time in 
Cited 10 time in 
Cited 10 time in
Metadata Downloads
Effects of the Asian financial crisis on the relation between leverage and employee compensation
- Issue Date
- 2-Jan-2019
- Publisher
- ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
- Keywords
- Asian financial crisis; corporate finance; emerging market; employee compensation; leverage
- Citation
- SPANISH JOURNAL OF FINANCE AND ACCOUNTING-REVISTA ESPANOLA DE FINANCIACION Y CONTABILIDA, v.48, no.1, pp.1 - 20
- Indexed
- SSCI
SCOPUS
- Journal Title
- SPANISH JOURNAL OF FINANCE AND ACCOUNTING-REVISTA ESPANOLA DE FINANCIACION Y CONTABILIDA
- Volume
- 48
- Number
- 1
- Start Page
- 1
- End Page
- 20
- ISSN
- 0210-2412
- Abstract
- This study investigates the effect of the Asian financial crisis on the relation between leverage and employee compensation. We find a negative relationship between a firm's debt ratio and employee compensation. We also show that this negative relation becomes evident since the Asian crisis. As an additional analysis, our findings also suggest that the negative relation between leverage and wages is particularly strong among small and risky firms.
- Files in This Item
- There are no files associated with this item.
- Appears in
Collections - Economics > Department of Economics > 1. Journal Articles
Items in ScholarWorks are protected by copyright, with all rights reserved, unless otherwise indicated.