, operating surplus and profits as performance indicators are estimated. Heterogeneity and robustness are investigated by a … operating surplus of IV panel estimates. However, on average, we find a tendency towards negative effects on profits. This … positively significant on the operating surplus. These mixed results hint to a conflict between the employers and employees …

fluctuations, we find positively significant effects on the operating surplus. … correlated with working time accounts. No significant effects of working time accounts can be detected on wages and on operating … surplus. On average, we find a tendency towards negative effects on profits. This result is less likely in phases of low …

fluctuations, we find positively significant effects on the operating surplus. … correlated with working time accounts. No significant effects of working time accounts can be detected on wages and on operating … surplus. On average, we find a tendency towards negative effects on profits. This result is less likely in phases of low …

, operating surplus and profits as performance indicators are estimated. Heterogeneity and robustness are investigated by a … operating surplus of IV panel estimates. However, on average, we find a tendency towards negative effects on profits. This … positively significant on the operating surplus. These mixed results hint to a conflict between the employers and employees …

level of financial debts. Instead, surprisingly, its value does not correlate with the gross operating surplus, although the … operational activity should have a big contribution on generating monetary financial resources trough the gross operating surplus. …