Abstract:Purpose
This paper aims to examine the impact of the Labor Management Reporting and Disclosure Act (LMRDA). It is expected that returns would have increased in response to the law’s passage, as it imposed a number of restrictions on unions vis-à-vis management and instituted many rules regulating unions’ internal affairs.
Design/methodology/approach
This paper uses event study methodology, which examines the impact of the law’s passage on the shareholder returns to the firms likely to have been affected by t… Show more
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