Shareholder value and equilibrium rate of unemployment - HAL-SHS - Sciences de l'Homme et de la Société Accéder directement au contenu
Article Dans Une Revue Economics Bulletin Année : 2012

Shareholder value and equilibrium rate of unemployment

Résumé

The aim of this article is to analyse the consequences of the constraint of shareholder value creation on wages and on unemployment rates in equilibrium. We will show that the shareholder value created by a firm directly depends on the payroll. Therefore, both the firm's and the Unions' new maximisation programs are considerably modified. The main result of this analysis is that a switch from profit maximisation to EVA maximisation leads to an increase in unemployment rates. Furthermore, the unemployment rate now depends on new financial variables.
Fichier principal
Vignette du fichier
Eco Bull Piluso & Colletis.pdf (212.94 Ko) Télécharger le fichier
Origine : Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

hal-01672795 , version 1 (27-12-2017)

Identifiants

  • HAL Id : hal-01672795 , version 1

Citer

Nicolas Piluso, Gabriel Colletis. Shareholder value and equilibrium rate of unemployment. Economics Bulletin, 2012, 32 (4), pp.3233-3242. ⟨hal-01672795⟩
83 Consultations
109 Téléchargements

Partager

Gmail Facebook X LinkedIn More