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Leverage and trade unionism in Indian industry: An empirical note

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  • Ghosh, Saibal

Abstract

Market power in the hands of a supplier- such as a labor union - affects an industry’s capital structure. Using panel data techniques for 1992-2004, this note shows that industries indeed appear to employ financial leverage strategically to influence collective bargaining decisions. The estimates imply that strategic incentives from input markets have a substantial impact on financing decisions

Suggested Citation

  • Ghosh, Saibal, 2008. "Leverage and trade unionism in Indian industry: An empirical note," MPRA Paper 26400, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:26400
    as

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    File URL: https://mpra.ub.uni-muenchen.de/26400/1/MPRA_paper_26400.pdf
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    References listed on IDEAS

    as
    1. Baldwin, Carliss Y, 1983. "Productivity and Labor Unions: An Application of the Theory of Self-Enforcing Contracts," The Journal of Business, University of Chicago Press, vol. 56(2), pages 155-185, April.
    2. Stephen G. Bronars & Donald R. Deere, 1991. "The Threat of Unionization, the Use of Debt, and the Preservation of Shareholder Wealth," The Quarterly Journal of Economics, Oxford University Press, vol. 106(1), pages 231-254.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    capital structure; collective bargaining; trade unionism; inventories india;

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects

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