Share:


Companies‘ structural changes and wages

Abstract

The article analyzes how structural changes taking place in companies affect wages and determine their changes. It is relevant to examine how the structural changes of companies are related to wage indicators, because this reveals one of the most important economic consequences of the structural changes of companies, which is also significant at the level of the national economy. The aim of the research is to theoretically base the essence of structural changes, to empirically evaluate how the structural changes of companies and wages are related. A statistical study was conducted, investigating the links between wages and structural changes in Lithuanian companies. The method of correlation-regression analysis was applied. The results of the study show that one of the most prominent structural effects affecting wages is the development of enterprise activity (judging by indicators of turnover and investment in fixed assets) – this structural change is positively correlated with wage growth. Another structural change in companies, which is associated with the increase in wages, is the growth of foreign capital in domestic companies. The results of the study have practical significance in understanding the factors that determine wage growth in the country’s companies and forecasting wage growth.


Article in Lithuanian.


Įmonių struktūriniai pokyčiai ir darbo užmokestis


Santrauka


Straipsnyje analizuojama, kaip įmonėse vykstantys struktūriniai pokyčiai veikia darbo užmokestį ir lemia jo pokyčius. Aktualu nagrinėti, kaip įmonių struktūriniai pokyčiai susiję su darbo užmokesčio rodikliais, nes tai atskleidžia vieną svarbiausių įmonių struktūrinių pokyčių ekonominių pasekmių, reikšmingų ir šalies ekonomikos lygmeniu. Straipsnio tikslas – teoriškai grindžiant struktūrinių pokyčių esmę, empiriškai įvertinti, kaip susiję įmonių struktūriniai pokyčiai ir darbo užmokestis. Atliktas statistinis darbo užmokesčio ir struktūrinių pokyčių Lietuvos įmonėse sąsajų tyrimas. Taikytas koreliacinės regresinės analizės metodas. Tyrimo rezultatai rodo, jog vienas ryškiausių struktūrinių poveikių, veikiančių darbo užmokestį, yra įmonių veiklos plėtra (vertinant pagal apyvartos ir investicijų į ilgalaikį turtą rodiklius) – šis struktūrinis pokytis teigiamai koreliuoja su darbo užmokesčio augimu. Kitas įmonių struktūrinis pokytis, siejamas su darbo užmokesčio didėjimu, yra užsienio kapitalo šalies įmonėse augimas. Tyrimo rezultatai turi praktinę reikšmę suvokiant veiksnius, lemiančius darbo užmokesčio augimą šalies įmonėse, ir prognozuojant darbo užmokesčio augimą.


Reikšminiai žodžiai: įmonė, verslas, struktūriniai pokyčiai, darbo užmokestis, kapitalas, užsienio kapitalas, darbuotojų skaičius.

Keyword : company, business, structural changes, wages, capital, foreign capital, employee number

How to Cite
Puodžiūnienė, A., & Baležentis, T. (2024). Companies‘ structural changes and wages. Mokslas – Lietuvos Ateitis / Science – Future of Lithuania, 16. https://doi.org/10.3846/mla.2024.20241
Published in Issue
Apr 9, 2024
Abstract Views
184
PDF Downloads
158
Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

References

Babenko, I., Du, F., & Tserlukevich, Y. (2021). Will i get paid? Employee stock options and mergers and acquisitions. Journal of Financial and Quantitative Analysis, 56(1), 29–64. https://doi.org/10.1017/S0022109020000022

Bassanini, A., Batut, C., & Caroli, E. (2023). Labor market concentration and wages: Incumbents versus new hires. Labour Economics, 81, Article 102338. https://doi.org/10.1016/j.labeco.2023.102338

Battilana, J., & Casciaro, T. (2012). Change agents, networks, and institutions: A contingency theory of organizational change. Academy of Management Journal, 55(2), 381–398. https://doi.org/10.5465/amj.2009.0891

Budiono, A., Diaz, R., Dewi, R., & Sejati, R. R. (2023). Foreign companies and wages for employees: A study of labor law. International Journal of Social Science Research and Review, 6(2), 483–489.

Castellano, R., Musella, G., & Punzo, G. (2021). Wage dynamics in light of the structural changes in the labour market across four more economically developed countries of Europe. Review of Social Economy, 79(2), 222–260. https://doi.org/10.1080/00346764.2019.1655163

Cuevas-Rodriguez, G., Guerrero-Villegas, J., & Valle-Cabrera, R. (2016). Corporate governance changes, firm strategy and compensation mechanisms in a privatization context. Journal of Organizational Change Management, 29(2), 199–221. https://doi.org/10.1108/JOCM-01-2015-0006

Esposto, A. (2013). Labour market reform and potential inequality of outcomes: The Australian story. South African Journal of Economic and Management Sciences, 16(5), Article a720. https://doi.org/10.4102/sajems.v16i5.720

Falck, O. (2022). European labor markets: How can we effectively manage technological and structural change? EconPol Forum, 23(5), 3–10.

Li, B. (2021). Quantitative analysis of salary data in the big data era. Journal of Physics: Conference Series, 1881(3), Article 032022. https://doi.org/10.1088/1742-6596/1881/3/032022

Mehrotra, S., & Parida, J. K. (2021). Stalled structural change brings an employment crisis in India. Indian Journal of Labour Economics, 64(2), 281–308. https://doi.org/10.1007/s41027-021-00317-x

Mihaela-Andreea, N. (2015). Payroll system and social protection in Germany. Annals-Economy Series, 2(1), 180–184.

Morosan-Danila, L., & Fercal, E.-M. (2022). Company personnel-from the salary to accounting. European Journal of Accounting, Finance & Business, 10(3), 8–16. https://doi.org/10.4316/EJAFB.2022.1032

Mutiara Putri, C., Khairiyah Hutapea, A., & Ramadhani, I. E. (2023). Reform of labor wage determination provisions: Review of welfare and importance in the job creation law. Mahadi: Indonesia Journal of Law, 2(2), 127–133. https://doi.org/10.32734/mah.v2i2.13125

Roosaar, L., Masso, J., & Varblane, U. (2017). The structural change and labour productivity of firms: Do changes in the age and wage structure of employees matter? (Working Paper Series No. 103). University of Tartu.

Roussille, N. (2021). The central role of the ask gap in gender pay inequality. University of California, Berkeley.

Seger, J., & Pfnür, A. (2021). The impact of structural changes on corporate real estate ownership: Evidence from Germany. International Journal of Strategic Property Management, 25(1), 1–16. https://doi.org/10.3846/ijspm.2020.13776

State, M. C., & Dona, I. (2022). Structural changes of Romanian labor market at regional level during 2005-2020 period. Scientific Papers Series Management, Economic Engineering in Agriculture and Rural Development, 22(3), 699–704.

Tyrowicz, J., & Smyk, M. (2019). Wage inequality and structural change. Social Indicators Research, 141(2), 503–538. https://doi.org/10.1007/s11205-018-1846-y

Valstybės duomenų agentūra. (2022). Rodiklių duomenų bazė. https://osp.stat.gov.lt/statistiniu-rodikliu-analize#/

Wang, Y. (2021). Realizing the company’s energy conservation goal and optimizing the salary management system – A case study of C Electric Power Company. E3S Web of Conferences, 275, Article 02047. https://doi.org/10.1051/e3sconf/202127502047

Zhao, Z. (2023). The impact of mixed ownership reform on the wage gap in China SOEs. https://search.proquest.com/openview/4c1db3dc23b5068b71c1b2d4985cdd06/1?pq-origsite=gscholar&cbl=18750&diss=y