Union merger incentives and pecuniary externalities

Article Abstract:

The collective bargaining process is influenced by the market structure that exists on both sides of the bargaining table. That structure, in turn, is affected by the merger activity of both firms and unions. Until recently, however, union merger incentives have remained unexplored. This paper surveys the principal theories that explain these incentives and develops a new theory of union mergers based on pecuniary externalities between unions. (Reprinted by permission of the publisher.)

Laws, regulations and rules, Mergers, acquisitions and divestments, Collective bargaining, Labor unions

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The impact of union-sponsored boycotts on the stock prices of target firms

Article Abstract:

An empirical analysis of the impact of union-sponsored boycotts on the stock prices of target firms strongly suggests that union boycott announcements initially lead to economically and statistically significant losses in the stock prices of the target firms. However, this short-term price decline is almost completely erased by rebounds in stock prices over the ensuing 15 trading days. (Reprinted by permission of the publisher.)

Analysis, Boycotts, Labor disputes

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