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- W3125776463 abstract "Prior studies document that firms experience negative stock price effects in response to unionization. We study the economic effects of a radical change in unionization legislation in New Zealand, and conjecture that the stock price effect of unionization is a function of prior unionization status of firms. We provide evidence that legislative events that increase the likelihood of introducing more stringent legislation do not affect stock prices of high-unionized firms, whereas low-unionized firms are affected negatively and significantly. Legislative events that signal less stringent unionization legislation result in significant stock price increases for all firms." @default.
- W3125776463 created "2021-02-01" @default.
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- W3125776463 date "2005-01-26" @default.
- W3125776463 modified "2023-09-26" @default.
- W3125776463 title "Securities Price Effects of Unionization Legislation" @default.
- W3125776463 hasPublicationYear "2005" @default.
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