Financial Resilience in Labor Negotiations

2021 ◽  
Author(s):  
Alessio Piccolo ◽  
Roberto Pinto
Keyword(s):  
Labor Negotiations

Organized Labor and Inventory Stockpiling

2021 ◽  
Author(s):  
Sophia J.W. Hamm ◽  
Boo Chun Jung ◽  
Woo-Jong Lee ◽  
Daniel G. Yang
Keyword(s):  
Capital Market ◽  
Bargaining Power ◽  
Investment Decision ◽  
Organized Labor ◽  
Costs And Benefits ◽  
Investment Decision Making ◽  
Major Stakeholder ◽  
Information Spillover ◽  
Labor Negotiations ◽  
Market Pressure

We document that managers stockpile excess inventory to mitigate the operational risk posed by labor unions and to maintain bargaining power in labor negotiations. Inventory levels are higher for union firms and are incrementally higher preceding the renegotiation of collective bargaining agreements with unions. Inventory stockpiling at union firms is more salient when capital market pressure for transparency or information spillover from peers constrains managers from using disclosure strategies. We further show that managers weigh the costs and benefits of inventory stockpiling, as holding excess inventory due to the presence of a union is negatively associated with future profitability but provides the benefits of avoiding a stockout and mitigating negative outcomes from a strike. Our findings highlight the importance of a major stakeholder, i.e., labor, in managers' investment decision-making.

scholarly journals Efficiency and behavioral considerations in labor negotiations

2010 ◽  
Vol 31 (4) ◽  
pp. 599-611 ◽  
Author(s):  
Manfred Königstein ◽  
Marie Claire Villeval
Keyword(s):  
Labor Negotiations

A Behavioral Theory of Labor Negotiations.

1966 ◽  
Vol 76 (302) ◽  
pp. 406
Author(s):  
E. C. Dommen ◽  
R. E. Walton ◽  
R. B. McKersie
Keyword(s):  
Behavioral Theory ◽  
Labor Negotiations

A system for labor negotiations

2005 ◽  
Author(s):  
Y. Wilamowsky ◽  
M. Shurin ◽  
A. Tenenbaum ◽  
G. Weinberger
Keyword(s):  
Labor Negotiations
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