EFFECT OF STRIKE ACTIVITY ON FIRM VALUE.

1 June 1988

journal article
Published by Academy of Management in The Academy of Management Journal

Vol. 31 (2) , 387-394
https://doi.org/10.2307/256554

Abstract

The article examines the stock market's reaction to labor management problems and employee strikes. A discussion is presented about various categories of strike costs and cumulative abnormal returns surrounding strike announcements and settlements. The author presents a definition of abnormal return and focuses on the effects of a strike or lockout on the overall value of a corporation. A regression model showing the relationship between strike activity and a firm's stock price is presented.

Keywords

STRIKES & LOCKOUTS
STOCK EXCHANGES
LABOR DISPUTES -- ECONOMIC ASPECTS
INDUSTRIAL RELATIONS
REGRESSION ANALYSIS
MANAGEMENT
STOCKS (FINANCE) -- PRICES
FINANCIAL PERFORMANCE
EMPLOYEES -- ATTITUDES
LABOR ECONOMICS

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