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- Title
Labor Contracts, Wages and SME Failure.
- Authors
Dewaelheyns, Nico; Van Hulle, Cynthia; Van Landuyt, Yannick; Verreydt, Mathias
- Abstract
Although employment protection and employee remuneration has been shown to affect many aspects of a firm's performance, evidence of their ability to explain firm failure is very limited. This paper examines the effect of different types of labor contracts and wages on the probability of corporate failure between 2012 and 2019 using a sample of 29,596 Belgian SMEs. Using discrete time hazard regression models, we find that the use of contract types with lower employment protection and paying lower wages are significant predictors of failure.
- Subjects
LABOR contracts; CONTRACT labor; JOB security; WAGES; FORECASTING
- Publication
Sustainability (2071-1050), 2021, Vol 13, Issue 14, p7864
- ISSN
2071-1050
- Publication type
Article
- DOI
10.3390/su13147864