Unions and the Financial Performance of British Private Sector Establishments

Stephen Machin and Mark Stewart

Journal of Applied Econometrics, 1990, vol. 5, issue 4, 327-50

Abstract: This paper considers the relationship between unions and financial performance using data from the 1980 and 1984 Workplace Industrial Relations Surveys. A qualitative indicator of financial performance is utilized and ordered probit estimates presented. These indicate that unionized establishments are characterized by lower performance levels than are non-union concerns. The interface between union effects and relative market power is also explored and the ability of unions to extract a share of the available rents is found to be greater if the plants in which they are located possess a higher market share. Copyright 1990 by John Wiley & Sons, Ltd.

Date: 1990
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