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Financial disclosure effects on labor contracts: A Nash analysis

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  • PETER CHALOS
  • JOSEPH CHERIAN
  • DAWN HARRIS

Abstract

. This study investigated the role of financial information disclosure on union†management preferences for labor contract outcomes. The effect of accounting information on negotiated outcome proximity to Nash equilibrium outcomes was also examined. Both the extent and credibility of financial information disclosure as well as dyadic and team negotiations were examined. Conjoint analysis was used to measure union and management preferences for contract attributes. Results indicated insignificant conjoint part worth differences on union and management contractual preferences under both accounting information and team negotiation treatments. Actual contractual outcomes were significantly correlated with Nash predictions, and information disclosure had a marginally significant effect on the proximity of actual to predicted outcomes. Résumé. Les auteurs étudient le rôle de la présentation d'informations financières dans les préférences du syndicat et de la direction en ce qui a trait au contrat de travail final. Ils s'intéressent également à l'incidence de l'information comptable lorsque les conventions négociées se rapprochent de l'équilibre de Nash. L'étendue et la crédibilité de l'information financière présentée ainsi que les négociations dyadiques et collectives sont aussi objet d'étude. Les auteurs ont recours à l'analyse conjointe pour mesurer les préférences du syndicat et de la direction à l'égard des attributs du contrat de travail. Les résultats indiquent des écarts non significatifs dans la valeur conjointe partielle associée par le syndicat et la direction aux attributs du contrat, par suite du traitement de l'information comptable ainsi que de la négociation collective. Le contrat final qui résulte présente une corrélation significative avec les prévisions de Nash, et la communication d'informations a une incidence marginale sur l'analogie entre les résultats réels et les résultats prévus.

Suggested Citation

  • Peter Chalos & Joseph Cherian & Dawn Harris, 1991. "Financial disclosure effects on labor contracts: A Nash analysis," Contemporary Accounting Research, John Wiley & Sons, vol. 7(2), pages 431-448, March.
    • Handle: RePEc:wly:coacre:v:7:y:1991:i:2:p:431-448
    DOI: 10.1111/j.1911-3846.1991.tb00823.x
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    References listed on IDEAS

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    1. Craft, James A., 1981. "Information disclosure and the role of the accountant in collective bargaining," Accounting, Organizations and Society, Elsevier, vol. 6(1), pages 97-107, January.
    2. Amernic, Joel H., 1985. "The roles of accounting in collective bargaining," Accounting, Organizations and Society, Elsevier, vol. 10(2), pages 227-253, April.
    3. Ogden, Stuart & Bougen, Philip, 1985. "A radical perspective on the disclosure of accounting information to trade unions," Accounting, Organizations and Society, Elsevier, vol. 10(2), pages 211-224, April.
    4. Sparks, Gordon R & Wilton, David A, 1971. "Determinants of Negotiated Wage Increases: An Empirical Analysis," Econometrica, Econometric Society, vol. 39(5), pages 739-750, September.
    5. Green, Paul E & Srinivasan, V, 1978. "Conjoint Analysis in Consumer Research: Issues and Outlook," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 5(2), pages 103-123, Se.
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    1. Nabil Elias, 1993. "Discussion of “Strategic Financial Disclosure: Evidence from Labor Negotiationsâ€," Contemporary Accounting Research, John Wiley & Sons, vol. 9(2), pages 551-558, March.

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