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