IDEAS home Printed from https://ideas.repec.org/a/taf/intecj/v26y2012i4p727-747.html
   My bibliography  Save this article

Labor Unions and Firm Profitability under Different Political and Economic Environments: Evidence from Korea

Author

Listed:
  • Jaymin Lee

Abstract

This paper analyzes the effect of unions on the profitability of firms under different political and economic environments in Korea. During the authoritarian period (1981--1986), unions lowered firm profitability despite the repression by the state, due to the strong protection of individual workers and the weak discipline in the financial market. During the democratization period (1988--1996), unions lowered firm profitability, but only marginally more than they did during the authoritarian period. In the post-crisis period (1999--2007), unions did not lower firm profitability any longer given the relatively weak protection of individual workers and the stronger discipline in the financial market.

Suggested Citation

  • Jaymin Lee, 2012. "Labor Unions and Firm Profitability under Different Political and Economic Environments: Evidence from Korea," International Economic Journal, Taylor & Francis Journals, vol. 26(4), pages 727-747, September.
    • Handle: RePEc:taf:intecj:v:26:y:2012:i:4:p:727-747
    DOI: 10.1080/10168737.2012.734044
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10168737.2012.734044
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10168737.2012.734044?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:intecj:v:26:y:2012:i:4:p:727-747. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RIEJ20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.