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Table 5 Working time accounts (WTA) effects on profits and operating surplus (OS)

From: Working time accounts and firm performance in Germany

 

β_WTA

std.err

restriction

(1) Firms with high and low shares of graduates and skilled workers

 (a) WTA effect on PROFITS

  (i)

−2.292

3.123

share of graduates > =0.7 or share of skilled workers > =0.7

  (ii)

−2.518*

1.495

share of graduates < 0.3 or share of skilled workers < 0.3

 (b) WTA effect on operating surplus (OS)

  (i)

−0.337

0.629

share of graduates > =0.7 or share of skilled workers > =0.7

  (ii)

−0.592***

0.279

share of graduates < 0.3 or share of skilled workers < 0.3

(2) Industries with large and small sales fluctuations measured by the variation coefficient (v) - WTA effects on OS

 (i)

2.530

1.877

INDUSTRY = mining and quarrying (v = 0.151)

 (ii)

1.979

2.945

INDUSTRY = manufacture of motor vehicles (v = 0.188)

 (iii)

0.350

0.267

INDUSTRY = recreational and cultural activities (v = 0.183)

 (iv)

−1.591*

0.911

INDUSTRY = agriculture, hunting, forestry, fishing (v = 0.102)

 (v)

−4.970

3.869

INDUSTRY = architecture, engineering offices (v = 0.108)

 (vi)

−0.421

0.449

INDUSTRY = education (v = 0.105)

(3) Firms with large and small sales fluctuations measured by v - WTA effects on OS

 (i)

1.340***

0.503

firms with the 25% largest sales fluctuations

 (ii)

−0.145

0.161

firms with the 75% smallest sales fluctuations

  1. Notes: The specifications are the same as in Table 3; *p < 0.1 and ***p < 0.01