How unions affect shareholder wealth in firms announcing layoffs |
| |
| Authors: | Richard W. Pouder Hugh D. Hindman R. Stephen Cantrell |
| |
| Affiliation: | (1) Appalachian State University, 28608 Boone, NC;(2) Clemson University, 29634 Clemson, SC |
| |
| Abstract: | We investigate whether investor anticipation of future performance differs between union and nonunion firms following corporate layoff announcements. Using event-study methodology and multivariate regression analysis, we find that the stock market reaction to layoff announcements is negatively related to nonunion firms and positively related to union firms. |
| |
| Keywords: | |
| 本文献已被 SpringerLink 等数据库收录！ |
