This paper presents the first empirical evidence on the nature and effects of human resource practices (HRM) in the Finnish manufacturing sector. In the analysis, we use the novel survey on HRM practices, based on a representative random sample from the population of the Finnish manufacturing...

While theorists differ sharply on the expected economic impact of stock options, typically empirical work has found a positive association between option schemes and firm productivity. However, existing data are limited and may not enable reliable investigation of the productivity effects of...

A new, long and rich panel data set consisting of all Finnish publicly traded firms is used to study how firm characteristics and stock market developments influence the adoption and targeting of stock option compensation. Stock option adoption is found to be a pro-cyclical phenomenon. Findings...

Tämän väliraportin tarkoitus on antaa lukijalle yleiskuva kansainvälisesti ainutlaatuisesta haastatteluaineistosta. Väliraportin painopiste on aineiston kuvaamisessa ja esittelyssä. Tutkimuksen perusjoukon muodostivat yli 50 henkilöä työllistävät teollisuusyritykset Tilastokeskuksen...

This paper examines how CEO pay is related to firm size and to firm performance in Finland by using new individual-level compensation data in 1996-2002. We find robust evidence that CEO average compensation has increased substantially between 1996 and 2002. For example, the ratio between CEO and...

Tutkimuksessa tarkastellaan hyvinvointiklusterin vientimenestystä ja teollisen toiminnan kehitystä 1990-luvun jälkipuoliskolla. Klusterin teollinen laajuus Suomessa on erittäin vaatimatonta. Klusterin osuus teollisuustuotannosta on vajaa kolme prosenttia ja tavaraviennistä alle kaksi...

In this paper we study whether stock option schemes affect firm technical inefficiency. We estimate Cobb-Douglas stochastic production frontier models using a novel panel data set on the publicly listed Finnish firms in the manufacturing and ICT sectors over the period from 1992 to 2002. We find...

By using new panel data for Finnish banks we study the impact of training on wages and performance. To the best of our knowledge, ours is the first paper to compare explicitly the effects of general and firm-specific workplace training on outcomes for both employees and firms. Unlike much...