The influence that collective bargaining represents on companies listed on the Colombian Stock Exchange: An empirical analysis

Authors

Ana M. Sabater Marcos, Universidad Miguel Hernández de Elche
Luz D. González-Cortés, Universidad de La Salle, Bogota
Teresa Duarte Atoche, Universidad de Sevilla

DOI

https://doi.org/10.6018/RCSAR.432281

Document Type

Article

Publication Date

7-1-2022

Publication Title

Revista de Contabilidad-Spanish Accounting Review

Abstract

Despite the conventional coverage of trade unions and the different strategies and agreements that private sector organisations have used to lessen trade union power and collective bargaining, collective bargaining has had an impact on stock markets in Colombia. The aim of this paper is analyse if the signing of a firm level collective agreement has informative content for the investors of Colombian Stock Market.The results show that the signing of an agreement is interpreted as bad news in those companies with greater union strength, on the other hand, the market reacts positively in those companies where the union loses power.

Volume

25

Issue

2

First Page

190

Last Page

200

ISSN

11384891

Recommended Citation

Sabater Marcos, Ana M.; González-Cortés, Luz D.; and Atoche, Teresa Duarte, "The influence that collective bargaining represents on companies listed on the Colombian Stock Exchange: An empirical analysis" (2022). Scopus Unisalle. 742.
https://ciencia.lasalle.edu.co/scopus_unisalle/742

Identifier

85135218561 (Scopus)