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Determinants of Labor Productivity in Emerging Markets: Evidence from Pre- and Post-Financial Crisis Mexico
Gadjah Mada International Journal of Business Pub Date : 2018-12-30 , DOI: 10.22146/gamaijb.28891
Young-Hee Kang , Kyunga Na

Although the global financial crisis of 2008 had tremendous effects on global businesses, its impact on firm performance in emerging markets is unknown. To develop this knowledge, this study explores the factors that influenced labor productivity in emerging markets before and after the crisis. Using a sample of 2,061 Mexican firms that were collected by the World Bank in 2006 and 2010, this study investigates the relationships of bribery, informality, and corporate governance to labor productivity. The results show that, before the crisis, informality and foreign ownership were positively associated with labor productivity. On the other hand, after the crisis, bribery and informality are negatively related to labor productivity, while foreign ownership and external auditing make positive impacts on labor productivity. The findings imply that businesses need to improve the quality of their corporate governance and decrease bribery. Governments of emerging markets need to reduce the levels of informality.

中文翻译:

新兴市场劳动生产率的决定因素:来自金融危机前后墨西哥的证据

尽管2008年的全球金融危机对全球业务产生了巨大影响,但其对新兴市场公司业绩的影响尚不得而知。为了发展这一知识,本研究探讨了危机前后影响新兴市场劳动生产率的因素。使用世界银行2006年和2010年收集的2061家墨西哥公司的样本,本研究调查了贿赂,非正式性和公司治理与劳动生产率之间的关系。结果表明,在危机之前,非正式性和外国所有权与劳动生产率呈正相关。另一方面,危机过后,贿赂和非正式行为与劳动生产率负相关,而外资所有权和外部审计对劳动生产率产生积极影响。研究结果表明,企业需要提高公司治理的质量并减少贿赂。新兴市场政府需要减少非正式程度。
更新日期:2018-12-30
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