How Unions Affect Shareholder Wealth In Firms Announcing Layoffs
- ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
- Richard W. Pouder PhD, Professor (Creator)
- Institution
- Appalachian State University (ASU )
- Web Site: https://library.appstate.edu/
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.
How Unions Affect Shareholder Wealth In Firms Announcing Layoffs
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Created on 10/30/2018
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Additional Information
- Publication
- Pouder, R.W., Hindman, H.D. & Cantrell, R.S. J Labor Res (2004) 25: 495. https://doi.org/10.1007/s12122-004-1027-4. Publisher version of record available at: https://link.springer.com/article/10.1007/s12122-004-1027-4
- Language: English
- Date: 2004
- Keywords
- stock market, corporate layoffs, investing, shareholder wealth