Labor Unions and Product Quality Failures

References

• Abowd J (1989) The effect of wage bargains on the stock market value of the firm. Amer. Econom. Rev. 79(4):774–800.Google Scholar
• Allen SG (1984) Unionized construction workers are more productive. Quart. J. Econom. 99(2):251–274.Crossref, Google Scholar
• Altman E (1968) Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. J. Finance 23(4):589–609.Crossref, Google Scholar
• Barber BM, Darrough MN (1996) Product reliability and firm value: The experience of American and Japanese automakers. J. Political Econom. 104(5):1084–1099.Crossref, Google Scholar
• Becker BE (1995) Union rents as a source of takeover gains among target shareholders. Indust. Labor Relations Rev. 49(1):3–19.Crossref, Google Scholar
• Bereskin F, Byun SK, Officer MS, Oh JM (2018) The effect of cultural similarity on mergers and acquisitions: Evidence from corporate social responsibility. J. Financial Quant. Anal. 53(5):1995–2039.Crossref, Google Scholar
• Blaylock B, Edwards A, Stanfield J (2015) The role of government in the labor-creditor relationship: Evidence from the Chrysler bankruptcy. J. Financial Quant. Anal. 50(3):325–348.Crossref, Google Scholar
• Bloom N, Draka M, Van Reenen J (2016) Trade induced technical change? The impact of Chinese imports on innovation, IT and productivity. Rev. Econom. Stud. 83(1):87–117.Crossref, Google Scholar
• Bloom N, Garicano L, Sadun R, Van Reenen J (2014) The distinct effects of information technology and communication technology on firm organization. Management Sci. 60(12):2859–2885.Link, Google Scholar
• Borjas GJ (1979) Job satisfaction, wages, and unions. J. Human Resources 14(1):21–40.Crossref, Google Scholar
• Bradley D, Kim I, Tian X (2017) Do unions affect innovation? Management Sci. 63(7):2251–2271.Link, Google Scholar
• Bramley DG, Wunnava PV, Robinson M (1989) A note on union-non-union benefit differentials and size of establishment. Econom. Lett. 30(1):85–88.Crossref, Google Scholar
• Bronars SG, Deere DR (1990) Union representation elections and firm profitability. Indust. Relations 29(1):15–37.Crossref, Google Scholar
• Calveras A, Ganuza J (2018) Corporate social responsibility and product quality. J. Econom. Management Strategy 27(4):804–829.Crossref, Google Scholar
• Campello M, Gao J, Xu Q (2019) Personal income taxes and labor downskilling: Evidence from 27 million job postings. Preprint, submitted July 2, https://dx.doi.org/10.2139/ssrn.3392080.Google Scholar
• Campello M, Gao J, Qiu J, Zhang Y (2018) Bankruptcy and the cost of organized labor: Evidence from union elections. Rev. Financial Stud. 31(3):980–1013.Crossref, Google Scholar
• Card D, Mas A, Moretti E, Saez E (2012) Inequality at work: The effect of peer salaries on job satisfaction. Amer. Econom. Rev. 102(6):2981–3003.Crossref, Google Scholar
• Chen HJ, Kacperczyk M, Ortiz-Molina H (2011) Labor unions, operating flexibility, and the cost of equity. J. Financial Quant. Anal. 46(1):25–58.Crossref, Google Scholar
• Chen HJ, Kacperczyk M, Ortiz-Molina H (2012) Do nonfinancial stakeholders affect the pricing of risky debt? Evidence from unionized workers. Rev. Finance 16(2):347–383.Crossref, Google Scholar
• Clark KB (1984) Unionization and firm performance: The impact on profits, growth, and productivity. Amer. Econom. Rev. 74(5):893–919.Google Scholar
• Cuñat V, Gine M, Guadalupe M (2012) The vote is cast: The effect of corporate governance on shareholder value. J. Finance 67(5):1943–1977.Crossref, Google Scholar
• Deng X, Kang JK, Low BS (2013) Corporate social responsibility and stakeholder value maximization: Evidence from mergers. J. Financial Econom. 110(1):87–109.Crossref, Google Scholar
• Devraj S, Kohli R (2003) Performance impacts of information technology: Is actual usage the missing link? Management Sci. 49(3):273–289.Link, Google Scholar
• DiNardo J, Lee DS (2004) Economic impacts of new unionization on private sector employers: 1984–2001. Quart. J. Econom. 119(4):1383–1442.Crossref, Google Scholar
• Doucouliagos C, Laroche P (2009) Unions and profits: A meta-regression analysis. Indust. Relations 48(1):146–183.Crossref, Google Scholar
• Dowrick S, Spencer BJ (1994) Union attitudes to labor-saving innovation: When are unions luddites? J. Labor Econom. 12(2):316–344.Crossref, Google Scholar
• Enache L, Srivastava A (2018) Should intangible investments be reported separately or commingled with operating expenses? New evidence. Management Sci. 64(7):3446–3468.Link, Google Scholar
• Falato A, Kadyrzhanova D, Sim J, Steri R (2020) Rising intangible capital, shrinking debt capacity, and the US corporate savings glut. Preprint, submitted June 26, 2018, https://dx.doi.org/10.2139/ssrn.3198030.Google Scholar
• Faleye O, Mehrotra V, Morck R (2006) When labor has a voice in corporate government. J. Financial Quant. Anal. 41(3):489–510.Crossref, Google Scholar
• Flammer C (2015) Does corporate social responsibility lead to superior financial performance? A regression discontinuity approach. Management Sci. 61(11):2549–2568.Link, Google Scholar
• Frandsen BR (2017) Party bias in union representation elections: Testing for manipulation in the regression discontinuity design when the running variable is discrete. Adv. Econometrics 38:281–315.Crossref, Google Scholar
• Frandsen BR (2021) The surprising impacts of unionization: Evidence from matched employer-employee data. J. Labor Econom. Forthcoming.Crossref, Google Scholar
• Freeman RB (1978) Job satisfaction as an economic variable. Amer. Econom. Rev. 68(2):135–141.Google Scholar
• Freeman RB, Medoff JL (1984) What Do Unions Do? (Basic Books, New York).Google Scholar
• Freeman RB (1985) Unions, pensions, and union pension funds (Chapter 4). Wise DA, ed. Pensions, Labor, and Individual Choice (University of Chicago Press Chicago, IL), 89–121.Google Scholar
• Gao F, Lisic LL, Zhang IX (2014) Commitment to social good and insider trading. J. Accounting Econom. 57(2–3):149–175.Crossref, Google Scholar
• Gramm CL, Schnell JF (2001) The use of flexible staffing arrangements in core production jobs. Indust. Labor Relations Rev. 54(2):245–258.Crossref, Google Scholar
• Greening DW, Turban DB (2000) Corporate social responsibility as a competitive advantage in attracting a quality workforce. Bus. Soc. 39(3):254–280.Crossref, Google Scholar
• Hadlock C, Pierce J (2010) New evidence on measuring financial constraints: Moving beyond the KZ Index. Rev. Financial Stud. 23(5):1909–1940.Crossref, Google Scholar
• Hammer TL, Avgar A (2005) The impact of unions on job satisfaction, organizational commitment, and turnover. J. Labor Res. 26:241–266.Crossref, Google Scholar
• Heitz A, Wang Y, Wang Z (2020) The power of the people: Labor unions and corporate social responsibility. Preprint, submitted November 5, https://dx.doi.org/10.2139/ssrn.3725784.Google Scholar
• Hirsch BT (1991) Union coverage and profitability among U.S. firms. Rev. Econom. Statist. 73(1):69–77.Google Scholar
• Hirsch BT, Schumacher EJ (2001) Private sector union density and the wage premium: Past, present, and future. J. Labor Res. 22:487–518.Crossref, Google Scholar
• Hoffer GE, Pruitt SW, Reilly RJ (1988) The impact of recalls on the wealth of sellers: A reexamination. J. Political Econom. 96(3):663–670.Crossref, Google Scholar
• Hoi CK, Wu Q, Zhang H (2013) Is corporate social responsibility (CSR) associated with tax avoidance? Evidence from irresponsible CSR activities. Accounting Rev. 88(6):2025–2059.Crossref, Google Scholar
• Hong H, Kubik JD, Scheinkman JA (2012) Financial constraints on corporate goodness. Preprint, submitted January 4, 2011, https://dx.doi.org/10.2139/ssrn.1734164.Google Scholar
• Imbens G, Kalyanaraman K (2012) Optimal bandwidth choice for the regression discontinuity estimator. Rev. Econom. Stud. 79(3):933–959.Crossref, Google Scholar
• Jarrell G, Peltzman S (1985) The impact of recalls on the wealth of sellers. J. Political Econom. 93(3):512–536.Crossref, Google Scholar
• Kaplan S, Zingales L (1997) Do financing constraints explain why investment is correlated with cash flow? Quart. J. Econom. 112:169–216.Crossref, Google Scholar
• Kini R, Hobson C (2002) Motivational theories and successful total quality initiatives. Internat. J. Management 19(4):605–613.Google Scholar
• Kini O, Shenoy J, Subramaniam V (2017) Impact of financial leverage on the incidence and severity of product failures: Evidence from product recalls. Rev. Financial Stud. 30(5):1790–1829.Crossref, Google Scholar
• Kovenock D, Phillips G (1997) Capital structure and product market behavior. Rev. Financial Stud. 10(3):767–803.Crossref, Google Scholar
• Krueger A, Mas A (2004) Strikes, scabs, and tread separations: Labor strife and the production of defective Bridgestone/Firestone tires. J. Political Econom. 112(2):253–289.Crossref, Google Scholar
• Lee DS, Mas A (2012) Long run impacts of unions on firms: New evidence from financial markets 1961-1999. Quart. J. Econom. 127(1):333–378.Crossref, Google Scholar
• Ma W, Ouimet P, Simintzi E (2019) Mergers and acquisitions, technological change and inequality. Preprint, submitted June 13, 2016, https://dx.doi.org/10.2139/ssrn.2793887.Google Scholar
• Manso G (2011) Motivating innovation. J. Finance 66(5):1823–1860.Crossref, Google Scholar
• Matsa D (2011) Running on empty? Financial leverage and product quality in the supermarket industry. Amer. Econom. J. Microeconomics 3(1):137–173.Crossref, Google Scholar
• Mas A (2008) Labor unrest and the quality of production: Evidence from the construction equipment resale market. Rev. Econom. Stud. 75(1):229–258.Crossref, Google Scholar
• McCrary J (2008) Manipulation of the running variable in the regression discontinuity design: A density test. J. Econometrics 142(2):698–714.Crossref, Google Scholar
• Mitchell DJB (1985) Wage flexibility: Then and now. Indust. Relations 24(2):266–279.Crossref, Google Scholar
• Mukhopadhyay T, Rajiv S, Srinivasan K (1997) Information technology impact on process output and quality. Management Sci. 43(12):1645–1659.Link, Google Scholar
• Peters RH, Taylor LA (2017) Intangible capital and the investment-q relation. J. Financial Econ. 123(2):251–271.Crossref, Google Scholar
• Phillips G, Sertsios G (2013) How do firm financial conditions affect product quality and pricing? Management Sci. 59(8):1764–1782.Link, Google Scholar
• Servaes H, Tamayo A (2013) The impact of corporate social responsibility on firm value: The role of customer awareness. Management Sci. 59(5):1045–1061.Link, Google Scholar
• Servaes H, Tamayo A (2017) The role of social capital in corporations: A review. Oxford Rev. Econom. Policy 33(2):201–220.Crossref, Google Scholar
• Sojourner A, Frandsen BR, Town R, Grabowski D, Chen M (2015) Impacts of unionization on quality and productivity: Regression discontinuity evidence from nursing homes. Indust. Labor Relations Rev. 68(4):771–806.Crossref, Google Scholar
• Taylor P (2011) Top 5 reasons for Class I product recall. Pharmafile (April 21) www.pharmafile.com/news/154814/top-5-reasons-class-i-product-recall.Google Scholar
• Thatcher M, Oliver J (2001) The impact of technology investments on a firm’s production efficiency, product quality, and productivity. J. Management Inform. Systems 18(2):17–45.Crossref, Google Scholar
• Wachter ML, Wright RD (1990) The economics of internal labor markets. Indust. Relations 29(2):240–262.Crossref, Google Scholar
• Williamson OE, Wachter ML, Harris JE (1975) Understanding the employment relation: The analysis of idiosyncratic exchange. Bell J. Econom. 6(1):250–278.Crossref, Google Scholar
• Wooldridge JM (2010) Econometric Analysis of Cross Section and Panel Data (MIT Press, Cambridge, MA).Google Scholar
• Wunnava P, Okunade AA (1996) Countercyclical union wage premium? Evidence for the 1980s. J. Labor Res. 17:289–296.Crossref, Google Scholar
• Yee RWY, Yeung ACL, Cheng TCE (2008) The impact of employee satisfaction on quality and profitability in high-contact service industries. J. Oper. Management 26(5):651–668.Crossref, Google Scholar
• Zhou X (2001) Understanding the determinants of managerial ownership and the link between ownership and performance. [comment] J. Financial Econom. 62(3):559–571.Crossref, Google Scholar