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dc.contributor.authorDinardo, John
dc.contributor.authorHallock, Kevin F.
dc.date.accessioned2020-11-17T18:19:44Z
dc.date.available2020-11-17T18:19:44Z
dc.date.issued2002-01-01
dc.identifier.other115939
dc.identifier.urihttps://hdl.handle.net/1813/76176
dc.description.abstractThis examination of the Stock Market’s responsiveness to strikes looks specifically at strike actions that labor historians generally view as the major ones occurring in the United States in the years 1925–37. The authors find that strikes had large, negative effects on industry stock value. Longer strikes, violent strikes, strikes in which unions “won,” industry-wide strikes, strikes that led to union recognition, and strikes that led to large wage increases were associated with larger negative share price reactions than were other strikes. Much of the “news” generated by the typical strike seems to have been registered by the Stock Market very early in the strike. However, there were also some fairly large stock price reactions to news that could be fully revealed only at the end of a strike.
dc.language.isoen_US
dc.rightsRequired Publisher Statement: Posted with permission from the Industrial and Labor Relations Review.
dc.subjectunion
dc.subjectstrike
dc.subjectmarket
dc.subjectlabor
dc.subjectindustry
dc.subjectwage
dc.subjectstock
dc.subjecteconomic
dc.subjectwork
dc.subjectprice
dc.title‘When Unions Mattered': Assessing the Impact of Strikes on Financial Markets: 1925-1937
dc.typearticle
dc.description.legacydownloadsWhenUnionsMatteredDinardo_Hallock2002.pdf: 1424 downloads, before Oct. 1, 2020.
local.authorAffiliationDinardo, John: University of Michigan
local.authorAffiliationHallock, Kevin F.: kfh7@cornell.edu Cornell University


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