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Journal article
Equity Market Response to Union Decertification Petitions and Elections
Journal of Labor Research, Vol.11, pp.193-201
06/1990
Web of Science ID: WOS:A1990CY67200005
Abstract
The effect of union decertification elections on the valuation of corporations is examined using a standard event study methodology. Cumulative abnormal daily common stock returns for 203 NYSE and AMEX listed firms are estimated for the day on which a petition for a decertification election is filed and for the day on which the National Labor Relations Board (NLRB) certifies the decertification election outcome. The results are consistent with the hypothesis that successful union decertifications increase firm valuation and unsuccessful ones reduce firm valuation. The primary carrier of valuation information is the date the NLRB confirms the decertification election results. The petition file date yields little, if any, information about the firm’s capitalization.
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Details
- Title
- Equity Market Response to Union Decertification Petitions and Elections
- Publication Details
- Journal of Labor Research, Vol.11, pp.193-201
- Resource Type
- Journal article
- Publisher
- Springer New York LLC
- Copyright
- © 1969, Journal of Labor Research
- Identifiers
- WOS:A1990CY67200005; 99380559596906600
- Academic Unit
- Commerce; Lewis Bear Jr. College of Business
- Language
- English