Negotiating with Labor under Financial Distress
We analyze how firms renegotiate labor contracts to extract concessions from labor. While anecdotal evidence suggests that firms tend to renegotiate wages downward in times of financial distress, there is no empirical evidence that documents such renegotiation, its determinants, and its magnitude. T...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Oxford University Press on behalf of The Society for Financial Studies,
2014-06-02T17:05:19Z.
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| Subjects: | |
| Online Access: | Get fulltext |