The effect of work stoppages on the value of firms in Canada

Robert Hanrahan, Joseph Kushner, Felice Martinello and Isidore Masse

Review of Financial Economics, 1997, vol. 6, issue 2, 151-166

Abstract: Event date methodology is used to estimate the impact of work stoppages on the expected profitability of Canadian firms listed on the Toronto Stock Exchange. Stoppages during collective bargaining decrease returns by 4.5%, whereas illegal stoppages during the term of a collective agreement have little effect on expected returns. The longer the stoppage, the greater the negative impact on the firm. The impact of stoppages also varies across legislative jurisdictions.

Date: 1997
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https://doi.org/10.1016/S1058-3300(97)90003-3

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Journal Article: The effect of work stoppages on the value of firms in Canada (1997)
Working Paper: The Effect of Work Stoppages on the Value of Firms in Canada (1995)
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Persistent link: https://EconPapers.repec.org/RePEc:wly:revfec:v:6:y:1997:i:2:p:151-166

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