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Finance, Corporate Governance, and the Employment Relationship
Author(s) -
BLACK BOYD,
GOSPEL HOWARD,
PENDLETON ANDREW
Publication year - 2007
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/j.1468-232x.2007.00484.x
Subject(s) - corporate governance , equity (law) , business , collective bargaining , corporate finance , stock (firearms) , labour economics , finance , accounting , financial system , economics , mechanical engineering , political science , law , engineering
This comparative paper examines the relationship between equity markets and corporate governance on one hand, and job tenure, training, and pay on the other. Two dimensions of equity markets and corporate governance are used: share trading activity and mergers and acquisitions. There is support for the posited links between these measures and job tenure, employee stock ownership plans, pay dispersion, and collective bargaining arrangements. Evidence on the relationship with training is more mixed.