The Effects of Automobile Strikes on the Stock Value of Steel Suppliers
Bibliographic Data
| ID | 3262283 |
|---|---|
| Authors | Obeua S Persons (corresponding author) |
| Year | 1995 |
| Volume | 49 |
| Issue | 1 |
| Pages | 78 |
| Publication date | 1995-10-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Industrial and Labor Relations Review (JOURNAL) |
| Journal identifiers | ISSN: 0019-7939 • E-ISSN: 2162-271X |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/2524913 |
| OpenAlex | W4250070215 |
| Language | EN |
| Citations received | 5 |
| References cited | 11 |
This analysis of stock market data for the years 1965-90 indicates that upon announcements of automobile strikes, steel suppliers experienced statistically significant negative returns, about equal to the negative returns experienced by the struck automobile producers. Significantly larger negative interindustry effects were associated with large multi-plant strikes than with smaller one-plant strikes, and the negative effects were significantly greater in the later years of the sample period, a time of relatively weak financial condition, than in the earlier years, a time of stronger financial condition. The author concludes that researchers and policy-makers evaluating the private and social costs of strikes should consider adverse effects on the profitability not only of the struck industries, but also of linked industries, and should take into account the important roles of strike size and industry financial health
Automotive industry · Business · Commerce · Demographic economics · Economics · Geography · Industrial organization · Labour economics · Monetary economics · Profitability index · Stock (firearms) · Stock market · Value (mathematics) · Aerospace Engineering · Automotive Engineering · Computer Science · Corporate Finance and Governance · Engineering · Finance · High Temperature Alloys and Creep · Labor Movements and Unions · Mechanical Engineering · Occupational Health and Safety Research · Risk and Safety Analysis
Output and Strike Activity in U.S. Manufacturing
The Predicability of Strikes
Concession Bargaining
Productivity Effects of Strikes in Struck and Nonstruck Industries
The Effects of Airline Strikes on Struck and Nonstruck Carriers
The Importance of Strike Size in Strike Research
The Impact of Strikes on Shareholder Equity
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,21 |
| Citation span | 2002 - 2019 (18) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |