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Strikes and profits: considering an asymmetric information model

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  • Karen Mumford

Abstract

The Hayes asymmetric information model of strike activity predicts a negative relationship between actual firm profits and strike frequency, and a positive relationship between the trade union's expectations of firm profitability and the duration of strikes. Results from the application of the model presented in this paper provide only limited support: the relationship between strike behaviour and profits is found to be more complex than the model allows for and exploring other variables which are expected to influence strike activity leads to more satisfactory results.

Suggested Citation

  • Karen Mumford, 1996. "Strikes and profits: considering an asymmetric information model," Applied Economics Letters, Taylor & Francis Journals, vol. 3(8), pages 545-548.
    • Handle: RePEc:taf:apeclt:v:3:y:1996:i:8:p:545-548
    DOI: 10.1080/135048596356212
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    Cited by:

    1. L. J. Perry, 2005. "A Long-Term Perspective On Industrial Disputes In Australia: 1913–2003," Economic Papers, The Economic Society of Australia, vol. 24(3), pages 263-279, September.
    2. Otavio Ribeiro de Medeiros & Bernardus Ferdinandus Nazar Van Doornik & Gustavo Rezende de Oliveira, 2011. "Modeling and forecasting a firm’s financial statements with a VAR – VECM model," Brazilian Business Review, Fucape Business School, vol. 8(3), pages 20-39, July.

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