The Economic Effect of Strikes on the Shareholders of Nonstruck Competitors
Bibliographic Data
| ID | 3301419 |
|---|---|
| Authors | Jonathan K Kramer (Lehigh University), Geraldo M Vasconcellos |
| Year | 1996 |
| Volume | 49 |
| Issue | 2 |
| Pages | 213 |
| Publication date | 1996-01-01 |
| 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 | 10.2307/2524939 |
| OpenAlex | W4253202008 |
| Language | EN |
| Citations received | 2 |
| References cited | 14 |
Prior research has established that strikes incur significant economic losses for the struck firms. This event study of intraindustry strike effects in highly concentrated industries focuses on two samples: firms that experienced a strike involving 1,000 or more workers between 1982 and 1990, and the nonstruck firms that were their closest competitors. Contrary to the prediction of some models that the economic losses incurred by struck firms are captured by their nonstruck competitors, the results indicate that the total spillover from shareholders of the struck firms to shareholders of the nonstruck competitors in this sample was not statistically significant. The authors speculate that the struck firms were able to limit spillover effects through such tactics as stockpiling inventory before a strike. Also, concessions by labor, which were common outcomes of collective bargaining during the sample period, probably significantly reduced the struck firms' total strike cost
Business · Competitor analysis · Corporate governance · Economics · Labour economics · Microeconomics · Monetary economics · Sample (material) · Shareholder · Spillover effect · Banking, Crisis Management, COVID-19 Impact · Corporate Finance and Governance · Finance · Firm Innovation and Growth · Global trade and economics · International Business and FDI · Labor Movements and Unions · Marketing
Using daily stock returns
Unionization and Profitability
Output and Strike Activity in U.S. Manufacturing
The Predicability of Strikes
Concession Bargaining
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 | 2 |
|---|---|
| Citations per year | 0,08 |
| Citation span | 2002 - 2019 (18) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |