Finance, corporate governance, and the employment relationship

Boyd Black; Howard Gospel; Andrew Pendleton

Finance, corporate governance, and the employment relationship

Boyd Black, Howard Gospel, Andrew Pendleton

The York Management School

Research output: Contribution to journal › Article › peer-review

Abstract

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.

Original language	English
Pages (from-to)	643-650
Number of pages	8
Journal	Industrial relations
Volume	46
Issue number	3
Publication status	Published - Jul 2007

Cite this

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abstract = "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.",

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