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Can a Wrongful Discharge Statute Really Benefit Employers?
Author(s) -
Abraham Steven E.
Publication year - 1998
Publication title -
industrial relations: a journal of economy and society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.61
H-Index - 57
eISSN - 1468-232X
pISSN - 0019-8676
DOI - 10.1111/0019-8676.00101
Subject(s) - shareholder , profitability index , statute , business , empirical research , accounting , labour economics , finance , law , economics , corporate governance , political science , philosophy , epistemology
Overall, there is overwhelming empirical support for the hypothesis that the Wrongful Discharge From Employment Act benefited employers in Montana. Shareholder returns were significantly higher given the Act than they would have been absent the law. This reflects shareholders' estimate of the effects of the Act on the future profitability of their firms. The increase in profitability would have been due to the benefits the Act gave to employers in Montana.