Ben-Nasr, Hamdi; Al-Dahmash, Abdullah; Ben-Nasr, Hamdi - In: International Journal of Financial Research 6 (2015) 2, pp. 11-22
This paper examines the influence of labor unions on stock price crash risk. Using a large sample of U.S. firms over the period 1984-2013, we provide the evidence that labor unions increase the likelihood to experience future stock price crashes. This finding is consistent with the argument that...