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- W4382201728 abstract "This study analyzed the effect of the increase/decrease rate of manpower on the change in the profit margin by using Korea’s manufacturing company-year data from 2010 to 2020. The time lag effect was considered by analyzing how the increase/decrease rate of manpower compared to the previous year affects the change in the future profit margin. As a result of empirical analysis, a statistically significant negative relationship was found between the rate of increase in manpower and the rate of profit on sales. These results indicate that when Korean manufacturing companies increase the number of manpower, the profit margin decreases, and when the number of manpower decreases, the profit margin increases. This study is different from the design of previous studies on restructuring in that it takes into account not only the reduction in manpower but also the aspect of manpower increase by using the rate of increase/decrease in manpower compared to the previous year. In addition, there is a difference in performing long-term analysis of future performance by using the change after 1 year and 3 years as the change in performance after the increase or decrease of the manpower. Therefore, we present empirical evidence that Korean companies need to actively reduce manpower in order to reorganize into an efficient corporate structure for improving future performance." @default.
- W4382201728 created "2023-06-28" @default.
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- W4382201728 date "2022-04-30" @default.
- W4382201728 modified "2023-09-25" @default.
- W4382201728 title "Effect of Manufacturing Manpower Increase/Decrease Rate on Change in Profit Margin" @default.
- W4382201728 doi "https://doi.org/10.32956/kaoca.2022.20.1.143" @default.
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