dc.contributor.author | Tong, Z | |
dc.contributor.author | Huang, H | |
dc.date.accessioned | 2018-08-13T09:02:11Z | |
dc.date.issued | 2018-05-22 | |
dc.description.abstract | Firms in countries with higher union membership have less corporate cash holdings. This negative relation is stronger for firms in countries with weak employment protection legislation, firms in countries with a high degree of labor bargaining centralization, and financially constrained firms. Moreover, the market value of corporate cash holdings is lower for firms in countries with high union membership. The number of strikes and lockouts is higher in countries with more corporate cash holdings. We conclude that firms strategically choose corporate cash holdings to gain a bargaining position with labor in an international setting. | en_GB |
dc.identifier.citation | Vol. 41 (3), pp. 325-350 | en_GB |
dc.identifier.doi | 10.1111/jfir.12152 | |
dc.identifier.uri | http://hdl.handle.net/10871/33720 | |
dc.language.iso | en | en_GB |
dc.publisher | Wiley | en_GB |
dc.rights.embargoreason | Under embargo until 22 May 2020 in compliance with publisher policy. | en_GB |
dc.rights | © 2018 The Southern Finance Association and the Southwestern Finance Association | en_GB |
dc.title | Labor unions and corporate cash holdings: evidence from international data | en_GB |
dc.type | Article | en_GB |
dc.identifier.issn | 0270-2592 | |
dc.description | This is the author accepted manuscript. The final version is available from Wiley via the DOI in this record. | en_GB |
dc.identifier.journal | Journal of Financial Research | en_GB |
rioxxterms.version | AM | |
refterms.dateFCD | 2018-08-13T09:02:11Z | |
refterms.versionFCD | AM | |