G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w7794
来源IDWorking Paper 7794
When Unions \"Mattered\": Assessing the Impact of Strikes on Financial Markets: 1925-1937
John DiNardo; Kevin F. Hallock
发表日期2000-07-01
出版年2000
语种英语
摘要Combining information from labor historians and using techniques from finance we analyze the strikes that labor historians have agreed are pivotal in American history' during the period 1925-1937. Using information we collected on strike dates and historical financial market stock price data we assess the financial market's view of these conflicts. We study the effects of major strikes between the world wars on detailed industry stock prices. We find that strikes have large, negative effects on industry stock value. We also find that longer strikes, violent strikes, strikes where unions win,' industry-wide strikes, strikes that lead to union recognition, and strikes that lead to large wage increases lead to larger negative share price reactions than other strikes. Also, our analysis shows that most of the news' in a strike seems to be incorporated very early on in the strike. Our analysis strongly suggests that although the financial markets generally expected unions to lose,' they viewed union victories as quite important determinants of the share of firm profits going to stockholders.
主题Labor Economics ; Labor Relations ; Financial Economics ; Corporate Finance
URLhttps://www.nber.org/papers/w7794
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/565366
推荐引用方式
GB/T 7714
John DiNardo,Kevin F. Hallock. When Unions \"Mattered\": Assessing the Impact of Strikes on Financial Markets: 1925-1937. 2000.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w7794.pdf(275KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[John DiNardo]的文章
[Kevin F. Hallock]的文章
百度学术
百度学术中相似的文章
[John DiNardo]的文章
[Kevin F. Hallock]的文章
必应学术
必应学术中相似的文章
[John DiNardo]的文章
[Kevin F. Hallock]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w7794.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。