Finance, Corporate Governance, and the Employment Relationship

8 Pages Posted: 18 Jun 2007

See all articles by Boyd Black

Boyd Black

Queen's University Management School

Howard Gospel

King's College London - The Management Centre

Andrew Pendleton

University of York (UK)

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.

Suggested Citation

Black, Boyd and Gospel, Howard and Pendleton, Andrew, Finance, Corporate Governance, and the Employment Relationship. Industrial Relations: A Journal of Economy and Society, Vol. 46, No. 3, pp. 643-650, July 2007, Available at SSRN: https://ssrn.com/abstract=994026 or http://dx.doi.org/10.1111/j.1468-232X.2007.00484.x

Boyd Black (Contact Author)

Queen's University Management School ( email )

25 University Square
Belfast, Northern Ireland BT7 1NN
Northern Ireland

Howard Gospel

King's College London - The Management Centre ( email )

150 Stamford Street
London, SE1 9NN
United Kingdom
44 020 78484121 (Phone)

Andrew Pendleton

University of York (UK) ( email )

Heslington
York YO10 5DD
United Kingdom

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