Concession Bargaining
The Impact on Shareholders' Equity
Bibliographic Data
| ID | 3399233 |
|---|---|
| Authors | Brian E Becker (0000-0001-5607-3418, corresponding author) |
| Year | 1987 |
| Volume | 40 |
| Issue | 2 |
| Pages | 268 |
| Publication date | 1987-01-01 |
| 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 | 10.2307/2523291 |
| OpenAlex | W4234849833 |
| Language | EN |
| Citations received | 12 |
| References cited | 18 |
This analysis of bargaining settlements in 1982-83 shows that, on average, shareholders in those firms that negotiated concessionary settlements enjoyed an 8 to 10 percent increase in the value of their holdings. The author interprets this result to mean not that the value of the firm increased, but rather that concessions enlarged the shareholders' portion of the firm's value at the expense of the workers' portion. On the other hand, concession bargaining does not seem to have reallocated business risk between shareholders and labor. Finally, the evidence suggests that firm-specific sources of risk can explain, in part, not only the magnitude of the concession effects but also the probability that concession bargaining will occur
Business · Collective bargaining · Corporate governance · Economics · Equity (law) · Human settlement · Labour economics · Monetary economics · Political science · Shareholder · Value (mathematics) · Banking stability, regulation, efficiency · Corporate Finance and Governance · Corporate Insolvency and Governance · Finance · Law · Law, Economics, and Judicial Systems
Labor Unions and the Economic Performance of Firms
Event Studies in Management Research
Financialization and Fictitious Capital
Ultimatum Concession Bargaining
Union Wage Concessions in the 1980s
The Effect of Two-Tier Collective Bargaining Agreements on Shareholder Equity
Unionization and Shareholder Interests
The Effects of the NLRA on Stockholder Wealth in the 1930s
The Economic Effect of Strikes on the Shareholders of Nonstruck Competitors
Profitability and Compensation Adjustments in the Retail Food Industry
The Effects of Airline Strikes on Struck and Nonstruck Carriers
The Effects of Automobile Strikes on the Stock Value of Steel Suppliers
| Unique citing works | 12 |
|---|---|
| Citations per year | 0,32 |
| Citation span | 1989 - 2022 (34) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 11 |