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The impact of minimum wage on automotive companies' performance

cris.virtual.author-orcid0000-0002-5550-7007
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cris.virtualsource.author-orcidb7671e1c-9850-4ccf-9eeb-882ff1d3c932
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dc.abstract.enThis paper aims to verify the relationship between minimum wage growth and the financial indicators of automotive companies. As a hi-tech sector, the automotive industry is usually not expected to be affected by minimum wage policies. The introduction of the minimum wage in Germany and the dynamic development of the minimum wage in Eastern European countries make it possible to assess this relationship. German, Czech, Polish, and Slovak automotive company data was obtained from the Orbis database. Panel regression models were applied to test for dependencies. The paper detects the association between the growth of the minimum wage and the increase in personnel cost, which is next to the associations with several financial indicators at the company level. The identified impact is specific to small and medium-sized companies
dc.affiliationWydział Rolnictwa, Ogrodnictwa i Biotechnologii
dc.affiliation.instituteKatedra Metod Matematycznych i Statystycznych
dc.contributor.authorRossi, Remo
dc.contributor.authorGraczyk, Małgorzata
dc.contributor.authorViskotová, Lenka
dc.contributor.authorHampel, David
dc.date.access2025-03-25
dc.date.accessioned2025-05-12T10:05:18Z
dc.date.available2025-05-12T10:05:18Z
dc.date.copyright2024-10-05
dc.date.issued2024
dc.description.abstract<jats:p>This paper aims to verify the relationship between minimum wage growth and the financial indicators of automotive companies. As a hi-tech sector, the automotive industry is usually not expected to be affected by minimum wage policies. The introduction of the minimum wage in Germany and the dynamic development of the minimum wage in Eastern European countries make it possible to assess this relationship. German, Czech, Polish, and Slovak automotive company data was obtained from the Orbis database. Panel regression models were applied to test for dependencies. The paper detects the association between the growth of the minimum wage and the increase in personnel cost, which is next to the associations with several financial indicators at the company level. The identified impact is specific to small and medium-sized companies.</jats:p>
dc.description.accesstimeat_publication
dc.description.bibliographyil., bibliogr.
dc.description.financepublication_nocost
dc.description.financecost0,00
dc.description.if1,6
dc.description.number5
dc.description.points20
dc.description.versionfinal_published
dc.description.volume11
dc.identifier.doi10.15549/jeecar.v11i5.1736
dc.identifier.eissn2328-8280
dc.identifier.issn2328-8272
dc.identifier.urihttps://sciencerep.up.poznan.pl/handle/item/2773
dc.identifier.weblinkhttps://ieeca.org/journal/index.php/JEECAR/article/view/1736
dc.languageen
dc.relation.ispartofJournal of Eastern European and Central Asian Research
dc.relation.pages931-944
dc.rightsCC-BY
dc.sciencecloudsend
dc.share.typeOPEN_JOURNAL
dc.subject.enautomotive sector
dc.subject.encompany financial indicators
dc.subject.ennominal minimum wage
dc.subject.enpanel regression model
dc.titleThe impact of minimum wage on automotive companies' performance
dc.typeJournalArticle
dspace.entity.typePublication
oaire.citation.issue5
oaire.citation.volume11