Right-to-work laws: new evidence from the stock market.
An empirical examination is conducted to determine whether or not stockholder wealth rises in response to passage of a right-to-work (RTW) law—a state law banning union security clauses from collective bargaining agreements. Data were drawn from a sample of 23 companies in Louisiana and 12 in Idaho...
| Publicado en: | Southern Economic Journal Vol. 67; no. 2; pp. 345 - 363 |
|---|---|
| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Southern Economic Association
October 2000
|
| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510128569&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510128569 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: October 2000 vid: 67 iid: 2 pid: 1482 pub: Southern Economic Association artinfo: ui: 510128569 10.2307/1061474 ppf: 345 ppct: 18 formats: fmt: @attributes: type: T tig: atl: Right-to-work laws: new evidence from the stock market. aug: au: Abraham, Steven E. Voos, Paula B. su: Right-to-work laws Stockholder wealth Labor laws Labor unions United States Louisiana sug: subj: United States Louisiana Right-to-work laws Stockholder wealth Labor laws Labor unions keyword: Labor laws and legislation -- Idaho ab: An empirical examination is conducted to determine whether or not stockholder wealth rises in response to passage of a right-to-work (RTW) law—a state law banning union security clauses from collective bargaining agreements. Data were drawn from a sample of 23 companies in Louisiana and 12 in Idaho, all trading on the New York Stock Exchange, or NASDAQ when the act was passed. Findings reveal that the passage of RTW legislation did increase shareholder wealth and, according to investors, the expected profits of firms operating within a state that had recently passed a RTW into law. Findings conclude that RTW legislation has a positive impact on the future profits of business organizations, presumably stemming from the law's negative impact on labor unions. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|