The Predicability of Strikes
Evidence from the Stock Market
Bibliographic Data
| ID | 4987776 |
|---|---|
| Authors | George R Neumann (0000-0001-5809-6998, corresponding author) |
| Year | 1980 |
| Volume | 33 |
| Issue | 4 |
| Pages | 525 |
| Publication date | 1980-07-01 |
| 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 | 10.2307/2522698 |
| OpenAlex | W4240275616 |
| Language | EN |
| Citations received | 16 |
Discussions of strike activity, and in particular of the costs of strike activity, generally ignore the existence of capital markets. If strikes are costly and if they are predictable, the presence of capital markets limits the losses that can be imposed on firms. This paper examines the effect of strikes on the value of the firm as measured by the stock market. The results indicate that strikes do have a negative effect on the value of the firm, although not a very large one, and that the stock market predicts the occurrence of strikes efficiently
Archaeology · Business · Capital market · Economics · Financial economics · Geography · Market value · Monetary economics · Stock (firearms) · Stock market · Corporate Finance and Governance · Engineering · Finance · Firm Innovation and Growth · History · Labor Movements and Unions · Risk Management in Financial Firms
Protest and Consumer
Transaction-Cost Economics and Cross-National Patterns of Industrial Conflict
Unionization and Profitability
The Influence of General Strikes against Government on Stock Market Behavior
Coopting Workers under Dictatorship
Leveraging corporate influence
The Effect of Two-Tier Collective Bargaining Agreements on Shareholder Equity
"When Unions "Mattered
Concession Bargaining
The Effect of the Cost of Strikes on the Volume of Strike Activity
The NLRA at Fifty
The Economic Effect of Strikes on the Shareholders of Nonstruck Competitors
The Effects of Airline Strikes on Struck and Nonstruck Carriers
The Effects of Automobile Strikes on the Stock Value of Steel Suppliers
The Impact of Strikes on Shareholder Equity
| Unique citing works | 15 |
|---|---|
| Citations per year | 0,38 |
| Citation span | 1984 - 2019 (36) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 12 |