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001-es BibID:BIBFORM082536
035-os BibID:(cikkazonosító)330
Első szerző:Habanabakize, Thomas
Cím:The impact of productivity, investment and real wages on employment absorption rate in South Africa / Thomas Habanabakize, Daniel Francois Meyer, Judit Oláh
Dátum:2019
ISSN:0134-5486
Megjegyzések:Many developing countries are facing high levels of unemployment and most people who are employed are poorly remunerated due to low skills and productivity levels. Although jobs are important, a productive job is even more important, not only for employees, but also for employers. South Africa, being a developing country, is also facing the challenge of dramatically high levels of unemployment. This study's aim was to examine both the short- and long-term impacts of real wages, labour productivity and investment spending on employment absorption rates in South Africa. To establish the existing relationship between variables, the study applied several econometric approaches, such as an autoregressive distributed lag (ARDL) model, error correction model (ECM) and a Toda-Yamamoto causality analysis on quarterly time series data from 1995Q1 to 2019Q1. The results revealed the existence of both short- and long-run relationships among the variables. While a positive relationship was found between employment absorption, investment spending and labour productivity, it was found that real wages negatively impact on long-run employment absorption rates. Additionally, the short-run analysis indicated that the lagged employment absorption rate influences the current rate of employment. Furthermore, the causality tests indicated that a bi-directional causal relationship exists between employment absorption and investment spending; and a uni-directional relationship between employment and both real wages and labour productivity. Based on the findings, the study recommends increments of investment spending and labour productivity that enables the South African economy to carry out more activities that would require more workers, thereby improving the employment absorption rate. The fact that labour productivity positively impacts the employment absorption rate infers the requirement for quality and skilled workers to be absorbed in the South African labour market. Therefore, labour skills improvements appear to be a prerequisite for productivity enhancement and job creation.
Tárgyszavak:Társadalomtudományok Gazdálkodás- és szervezéstudományok idegen nyelvű folyóiratközlemény külföldi lapban
folyóiratcikk
Megjelenés:Social Sciences. - 8 : 12 (2019), p. 1-15. -
További szerzők:Meyer, Daniel Francois (1976-) (közgazdász) Oláh Judit (1973-) (agrárközgazdász, logisztika)
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001-es BibID:BIBFORM081205
035-os BibID:(cikkazonosító)5583 (WOS)000498398900040 (Scopus)85073779066
Első szerző:Shah, Sayyed Sadaqat Hussain
Cím:Does Herding Bias Drive the Firm Value? Evidence from the Chinese Equity Market / Sayyed Sadaqat Hussain Shah, Muhammad Asif Khan, Natanya Meyer, Daniel F. Meyer, Judit Oláh
Dátum:2019
ISSN:2071-1050
Megjegyzések:Equity markets play a pivotal role in the sustainability of developing countries, such as China. The literature on the detection of herding biases is confined to the aggregate level (firms, sector/industry and market). The present study adds to the behavioral finance literature by addressing the surprisingly unnoticed phenomena of the behavioral impact of herding bias on firm value (FV) at the firm level, using the sample of A-Shares listed firms at the Shanghai and Shenzhen Stock Exchanges (SSE and SZSE) under panel fixed effect specification. Initially, we detect the existence of investors and managers herding (IHR and MHR) biases at firm-level, and later, we examine their impact (distinct and interactive) upon the FV. The empirical results document the presence of IHR and MHR bias at market, sector and firm-level in both equity markets, which potentially drive the FV, while the impact is more pronounced during the extreme trading period. The findings are robust under different time intervals, and industry classification, therefore, offers useful policy implications to understand the behavioral dynamics of investors and managers.
Tárgyszavak:Társadalomtudományok Gazdálkodás- és szervezéstudományok idegen nyelvű folyóiratközlemény külföldi lapban
folyóiratcikk
Megjelenés:Sustainability. - 11 : 20 (2019), p. 1-21. -
További szerzők:Khan, Muhammad Asif (1976-) (közgazdász) Meyer, Natanya Meyer, Daniel Francois (1976-) (közgazdász) Oláh Judit (1973-) (agrárközgazdász, logisztika)
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DOI
Intézményi repozitóriumban (DEA) tárolt változat
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