Union Concessions following Asset Sales and Takeovers. (5th October 2018)
- Record Type:
- Journal Article
- Title:
- Union Concessions following Asset Sales and Takeovers. (5th October 2018)
- Main Title:
- Union Concessions following Asset Sales and Takeovers
- Authors:
- Lie, Erik
Que, Tingting - Abstract:
- Abstract : We document that the likelihood of asset sales increases with union presence and union wages. Furthermore, acquiring firms gain significant concessions from the incumbent union following asset sales. Finally, the anticipation of union concessions helps explain the excess stock returns around asset sale announcements. We find no comparable effects for takeovers. We conclude that asset sales, but not takeovers, are partially motivated by the potential to extract concessions from unions.
- Is Part Of:
- Journal of financial and quantitative analysis. Volume 54:Number 1(2019)
- Journal:
- Journal of financial and quantitative analysis
- Issue:
- Volume 54:Number 1(2019)
- Issue Display:
- Volume 54, Issue 1 (2019)
- Year:
- 2019
- Volume:
- 54
- Issue:
- 1
- Issue Sort Value:
- 2019-0054-0001-0000
- Page Start:
- 393
- Page End:
- 424
- Publication Date:
- 2018-10-05
- Subjects:
- Finance -- Periodicals
Investments -- Mathematics -- Periodicals
332.05 - Journal URLs:
- http://catalog.hathitrust.org/api/volumes/oclc/1754589.html ↗
http://depts.washington.edu/jfqa ↗
http://journals.cambridge.org/action/displayJournal?jid=JFQ ↗
http://www.jstor.org/journals/00221090.html ↗ - DOI:
- 10.1017/S0022109018000522 ↗
- Languages:
- English
- ISSNs:
- 0022-1090
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library HMNTS - ELD Digital store
- Ingest File:
- 9563.xml