Capital Structure and Labour Demand: Investigations Using German Micro Data
Wolf Maurer and
Holger Strulik ()
Quantitative Macroeconomics Working Papers from Hamburg University, Department of Economics
The paper analyses the interaction between capital structure and employment decisions of firms. For this purpose, a theoretical model is developed in which a firm determines employment along an optimal path taking into account financial considerations. The empirical analysis using West German micro data proves that a negative relationship exists between employment and the debt-asset ratio of the firm. We also demonstrate that as real wages (sales) increase, employment decreases (increases).
Keywords: Labour Demand; Panel Data (search for similar items in EconPapers)
JEL-codes: J23 C33 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.rrz.uni-hamburg.de/wst/qmwps/OBES_1999_Funke.pdf [302 Found]--> https://www.rrz.uni-hamburg.de/wst/qmwps/OBES_1999_Funke.pdf)
Journal Article: Capital Structure and Labour Demand: Investigations Using German Micro Data (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ham:qmwops:19801
Access Statistics for this paper
More papers in Quantitative Macroeconomics Working Papers from Hamburg University, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by ().