LABOR LAWS AND CORPORATE INVESTMENT | Zendy

Marciukaityte Dalia | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Premium

LABOR LAWS AND CORPORATE INVESTMENT

Author(s) -

Marciukaityte Dalia

Publication year - 2019

Publication title -

journal of financial research

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.319

H-Index - 49

eISSN - 1475-6803

pISSN - 0270-2592

DOI - 10.1111/jfir.12179

Subject(s) - regression discontinuity design , certification , point (geometry) , investment (military) , work (physics) , labour economics , capital (architecture) , business , economics , law , political science , engineering , management , geography , medicine , mechanical engineering , geometry , politics , mathematics , archaeology , pathology

In the United States, the costs of unionized labor are higher in states without right‐to‐work (RTW) laws. I show that unionized firms located in these states invest less. These firms have about 4 percentage point lower capital expenditures (normalized by net property, plant, and equipment) than other firms. I confirm these findings by examining a natural experiment created by the adoption of RTW laws in Oklahoma and examining union certification elections using regression discontinuity design.

This content is not available in your region!

Continue researching here.

Having issues? You can contact us here

Accelerating Research