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)
Appalachian State University (ASU )
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Abstract: We investigate whether investor anticipation of future performance differs between union and nonunion firms following corporate layoff announcements. Using eventĀ­ 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.

Additional Information

Pouder, R.W., Hindman, H.D. & Cantrell, R.S. J Labor Res (2004) 25: 495. Publisher version of record available at:
Language: English
Date: 2004
stock market, corporate layoffs, investing, shareholder wealth

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