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• W2189421794 abstract "According to the often cited rent-sharing theory of multinational firms they transfer superior technology to their foreign affiliates, enabling higher productivity of employees and their higher wages. But oftentimes studies have shown that, this effect does not stem from foreign ownership per se, but from other characteristics, which are positively related to wages and are more prevalent in foreign than in domestically owned firms (for example size, capital intensity, focus on high wage industries, etc.). However, recent research argues that large shareholders (foreign or domestic) differ from each other, and that changes in companies’ policy are greater in the presence of specific groups of active blockholders (1, 2). )). The aim of our paper is to disentangle the relationship between ownership and wages for the Slovenian joint stock companies using cross-section data, while accounting for spatial dependencies in wage determination. Space in this paper is not considered in a geographical context, but as a set of relations between companies originating from same blockholder. We apply methods of spatial econometrics while giving more attention to the creation of “shareholder” spatial connectivity matrix. This is the first time to use Slovenia as a research playground for spatial analysis in an economic setting." @default.
• W2189421794 created "2016-06-24" @default.
• W2189421794 creator A5055015672 @default.
• W2189421794 date "2011-01-01" @default.
• W2189421794 modified "2023-09-27" @default.
• W2189421794 title "SHAREHOLDERS AND WAGE DETERMINATION" @default.
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• W2189421794 hasPublicationYear "2011" @default.
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