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Do union wealth concessions explain takeover premiums? : The evidence on contract wages
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Cited by:
- Giovanni Cespa & Giacinta Cestone, 2007.
"Corporate Social Responsibility and Managerial Entrenchment,"
Journal of Economics & Management Strategy, Wiley Blackwell, vol. 16(3), pages 741-771, September.
- Giovanni Cespa & Giacinta Cestone, 2004. "Corporate Social Responsability and Managerial Entrenchment," Working Papers 139, Barcelona School of Economics.
- Giovanni Cespa & Giacinta Cestone, 2007. "Corporate Social Responsibility and Managerial Entrenchment," CSEF Working Papers 173, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy.
- Cestone, Giacinta & Cespa, Giovanni, 2004. "Corporate Social Responsibility and Managerial Entrenchment," CEPR Discussion Papers 4648, C.E.P.R. Discussion Papers.
- Gehrke, Britta & Maug, Ernst & Obernberger, Stefan & Schneider, Christoph, 2021. "Post-merger Restructuring of the Labor Force," IZA Discussion Papers 14409, Institute of Labor Economics (IZA).
- Allen, Franklin & Gale, Douglas, 1995.
"A welfare comparison of intermediaries and financial markets in Germany and the US,"
European Economic Review, Elsevier, vol. 39(2), pages 179-209, February.
- Franklin Allen & Douglas Gale, 1994. "A welfare comparison of intermediaries and financial markets in Germany and the U.S," Working Papers 95-3, Federal Reserve Bank of Philadelphia.
- Gokhale, Jagadeesh & Groshen, Erica L & Neumark, David, 1995.
"Do Hostile Takeovers Reduce Extramarginal Wage Payments?,"
The Review of Economics and Statistics, MIT Press, vol. 77(3), pages 470-485, August.
- Jagadeesh Gokhale & Erica L. Groshen & David Neumark, 1992. "Do hostile takeovers reduce extramarginal wage payments?," Working Papers (Old Series) 9215, Federal Reserve Bank of Cleveland.
- Jagadeesh Gokhale & Erica L. Groshen & David Neumark, 1993. "Do Hostile Takeovers Reduce Extramarginal Wage Payments?," NBER Working Papers 4346, National Bureau of Economic Research, Inc.
- Sheng-Syan Chen & Yan-Shing Chen & Yanzhi Wang, 2015. "Does Labor Power Affect the Likelihood of a Share Repurchase?," Financial Management, Financial Management Association International, vol. 44(3), pages 623-653, September.
- Martin Olsson & Joacim Tåg, 2017.
"Private Equity, Layoffs, and Job Polarization,"
Journal of Labor Economics, University of Chicago Press, vol. 35(3), pages 697-754.
- Olsson, Martin & Tåg, Joacim, 2012. "Private Equity, Layoffs, and Job Polarization," Working Paper Series 906, Research Institute of Industrial Economics, revised 01 May 2016.
- Olsson, Martin & Tåg, Joacim, 2015. "Private Equity, Layoffs, and Job Polarization," Working Paper Series 1068, Research Institute of Industrial Economics.
- Henrik Cronqvist & Fredrik Heyman & Mattias Nilsson & Helena Svaleryd & Jonas Vlachos, 2009.
"Do Entrenched Managers Pay Their Workers More?,"
Journal of Finance, American Finance Association, vol. 64(1), pages 309-339, February.
- Vlachos, Jonas & Nilsson, Mattias & Svaleryd, Helena & Cronqvist, Henrik & Heyman, Fredrik, 2005. "Do Entrenched Managers Pay Their Workers More?," CEPR Discussion Papers 5371, C.E.P.R. Discussion Papers.
- Cronqvist, Henrik & Heyman, Fredrik & Nilsson, Mattias & Svaleryd, Helena & Vlachos, Jonas, 2006. "Do Entrenched Manager Pay Their Workers More?," SIFR Research Report Series 47, Institute for Financial Research.
- Cronqvist, Henrik & Heyman, Fredrik & Nilsson, Mattias & Svaleryd, Helena & Vlachos, Jonas, 2007. "Do Entrenched Managers Pay Their Workers More?," Working Paper Series 2007-7, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Cronqvist, Henrik & Heyman, Fredrik & Nilsson, Mattias & Svaleryd, Helena & Vlachos, Jonas, 2006. "Do Entrenched Managers Pay Their Workers More?," Working Paper Series 2005-23, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Marianne Bertrand & Sendhil Mullainathan, 1999.
"Is There a Discretion in Wage Setting? A Test Using Takeover Legislation,"
RAND Journal of Economics, The RAND Corporation, vol. 30(3), pages 535-554, Autumn.
- Marianne Bertrand & Sendhil Mullainathan, 1998. "Is There Discretion in Wage Setting? A Test Using Takeover Legislation," Working Papers 785, Princeton University, Department of Economics, Industrial Relations Section..
- Marianne Bertrand & Sendhil Mullainathan, 1998. "Is There Discretion in Wage Setting? A Test Using Takeover Legislation," NBER Working Papers 6807, National Bureau of Economic Research, Inc.
- Sendhil Mullainathan & Marianne Bertrand, 1998. "Is there Discretion in Wage Setting? A Test Using Takeover Legislation," Working papers 98-19, Massachusetts Institute of Technology (MIT), Department of Economics.
- Bertrand, M. & Mullainathan, S., 1998. "Is there Discretion in Wage Setting? A Test Using Takeover Legislation," Papers 203, Princeton, Woodrow Wilson School - Public and International Affairs.
- David Neumark & Steven A. Sharpe, 1992.
"Hostile Takeovers and Expropriation of Extramarginal Wages: A Test,"
NBER Working Papers
4101, National Bureau of Economic Research, Inc.
- David Neumark & Steven A. Sharpe, 1992. "Hostile takeovers and expropriation of extramarginal wages: a test," Finance and Economics Discussion Series 197, Board of Governors of the Federal Reserve System (U.S.).
- Marianne Bertrand & Sendhil Mullainathan, 2003.
"Enjoying the Quiet Life? Corporate Governance and Managerial Preferences,"
Journal of Political Economy, University of Chicago Press, vol. 111(5), pages 1043-1075, October.
- Bertrand, Marianne & Mullainathan, Sendhil, 2003. "Enjoying the Quiet Life? Corporate Governance and Managerial Preferences," Scholarly Articles 3429713, Harvard University Department of Economics.
- Michael C. Jensen, 2010.
"The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems,"
Journal of Applied Corporate Finance, Morgan Stanley, vol. 22(1), pages 43-58, January.
- Jensen, Michael C, 1993. "The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems," Journal of Finance, American Finance Association, vol. 48(3), pages 831-880, July.
- Michael C. Jensen, 1994. "The Modern Industrial Revolution, Exit, And The Failure Of Internal Control Systems," Journal of Applied Corporate Finance, Morgan Stanley, vol. 6(4), pages 4-23, January.
- Liu, Hang & Luo, Jin-hui & Wang, Xin, 2021. "Do controlling shareholders expropriate employees? Evidence from workplace fatalities in China," Pacific-Basin Finance Journal, Elsevier, vol. 69(C).
- Maug, Ernst, 1997. "Boards of directors and capital structure: Alternative forms of corporate restructuring," Journal of Corporate Finance, Elsevier, vol. 3(2), pages 113-139, April.
- Gaston, Noel, 1997. "Efficiency wages, managerial discretion, and the fear of bankruptcy," Journal of Economic Behavior & Organization, Elsevier, vol. 33(1), pages 41-59, May.
- M. Pagano & P. F. Volpin, 2005.
"Managers, Workers, and Corporate Control,"
Journal of Finance, American Finance Association, vol. 60(2), pages 841-868, April.
- Marco Pagano & Paolo Volpin, 2001. "Managers, Workers, and Corporate Control," CSEF Working Papers 75, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 09 Jan 2004.
- Pagano, Marco & Volpin, Paolo, 2002. "Managers, Workers and Corporate Control," CEPR Discussion Papers 3649, C.E.P.R. Discussion Papers.
- Chen, I-Ju & Chen, Yan-Shing & Chen, Sheng-Syan, 2018. "The strategic choice of payment method in corporate acquisitions: The role of collective bargaining against unionized workers," Journal of Banking & Finance, Elsevier, vol. 88(C), pages 408-422.
- Nuria Alcalde Fradejas & Inés Pérez-Soba Aguilar, 2007. "Influencia de las ofertas públicas de adquisición sobre el empleo de las empresas adquiridas: un análisis empírico," Investigaciones Economicas, Fundación SEPI, vol. 31(1), pages 5-42, January.
- Efraim Benmelech & Nittai K. Bergman & Ricardo J. Enriquez, 2012.
"Negotiating with Labor under Financial Distress,"
The Review of Corporate Finance Studies, Society for Financial Studies, vol. 1(1), pages 28-67.
- Efraim Benmelech & Nittai K. Bergman & Ricardo Enriquez, 2011. "Negotiating with Labor Under Financial Distress," NBER Working Papers 17192, National Bureau of Economic Research, Inc.
- Antoni, Manfred & Maug, Ernst & Obernberger, Stefan, 2019. "Private equity and human capital risk," Journal of Financial Economics, Elsevier, vol. 133(3), pages 634-657.
- Osano, Hiroshi, 2004. "Stock options and employees' firm-specific human capital under the threat of divestitures and acquisitions," Journal of Corporate Finance, Elsevier, vol. 10(4), pages 615-638, September.
- Giovanni Cespa & Giacinta Cestone, 2002.
"Stakeholder activism, managerial entrenchment and the congruence of interests between shareholders and stakeholders,"
Economics Working Papers
634, Department of Economics and Business, Universitat Pompeu Fabra.
- Giovanni Cespa & Giacinta Cestone, 2002. "Stakeholder Activism, Managerial Entrenchment, and the Congruence of Interests between Shareholders and Stakeholders," UFAE and IAE Working Papers 528.02, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Paige Ouimet & Rebecca Zarutskie, 2020. "Acquiring Labor," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 10(03), pages 1-38, September.
- Macias, Antonio & Pirinsky, Christo, 2015. "Employees and the market for corporate control," Journal of Corporate Finance, Elsevier, vol. 31(C), pages 33-53.
- Til Beckmann & William Forbes, 2004. "An Examination of Takeovers, Job Loss and the Wage Decline within UK Industry," European Financial Management, European Financial Management Association, vol. 10(1), pages 141-165, March.
- Ahmad, Muhammad Farooq & Lambert, Thomas, 2019. "Collective bargaining and mergers and acquisitions activity around the world," Journal of Banking & Finance, Elsevier, vol. 99(C), pages 21-44.
- Akdogu, Evrim & Aktas, Nihat & Simsir, Serif Aziz, 2021. "The effect of unionization on industry merger activity around negative economy-wide shocks," International Review of Financial Analysis, Elsevier, vol. 76(C).
- Dessaint, Olivier & Golubov, Andrey & Volpin, Paolo, 2017. "Employment protection and takeovers," Journal of Financial Economics, Elsevier, vol. 125(2), pages 369-388.
- John C. Dencker, 2012. "Who Do Firms Lay Off and Why?," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 51(1), pages 152-169, January.
- Ghosh, Aloke, 2001. "Does operating performance really improve following corporate acquisitions?," Journal of Corporate Finance, Elsevier, vol. 7(2), pages 151-178, June.
- Paige Ouimet & Rebecca Zarutskie, 2020.
"Acquiring Labor,"
Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 10(03), pages 1-38, September.
- Paige Ouimet & Rebecca Zarutskie, 2011. "Acquiring Labor," Working Papers 11-32, Center for Economic Studies, U.S. Census Bureau.
- Chemla, Gilles, 2005. "Hold-up, stakeholders and takeover threats," Journal of Financial Intermediation, Elsevier, vol. 14(3), pages 376-397, July.
- Lee, Kyeong Hun & Mauer, David C. & Xu, Emma Qianying, 2018. "Human capital relatedness and mergers and acquisitions," Journal of Financial Economics, Elsevier, vol. 129(1), pages 111-135.
- Heli Wang & Shan Zhao & Jinyu He, 2016. "Increase in takeover protection and firm knowledge accumulation strategy," Strategic Management Journal, Wiley Blackwell, vol. 37(12), pages 2393-2412, December.
- repec:dau:papers:123456789/4134 is not listed on IDEAS
- Sandro Brusco, 1996. "Bankruptcy, Takeovers, and Wage Contracts," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 5(4), pages 515-534, December.