Minimum Wage and Shareholder Wealth : Evidence from Hong Kong

This paper examines the impact of the minimum wage legislation on firms' performance through the abnormal returns of share prices. Abnormal returns are estimated for events throughout the legislation in Hong Kong. Evidences show that the anticipated impact of the minimum wage on firms' performance is generally negative. Furthermore, large firms and firms in the retail sector are expected to be more adversely affected by the law

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Year of publication:	2015
Authors:	Wong, Kin Ming
Other Persons:	Chong, Terence Tai-Leung (contributor)
Publisher:	[2015]: [S.l.] : SSRN
Subject:	Hongkong \| Hong Kong \| Mindestlohn \| Minimum wage \| Aktionäre \| Shareholders \| Börsenkurs \| Share price
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Applied Economics Quarterly, Forthcoming Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 2013 erstellt Volltext nicht verfügbar
Classification:	J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; J38 - Public Policy ; L25 - Firm Size and Performance
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013037867