Labor unions, bargaining power and corporate bond yield spreads: Structural credit model perspectives

This study investigates labor union effects on bond yield spreads from perspectives of structural credit models by employing American bond observations from 2001 to 2007. This research finds that union strength significantly and positively relates to bond yield spreads (this effect is roughly equal...

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Bibliographic Details
Published in:Journal of banking & finance 2011-08, Vol.35 (8), p.2084-2098
Main Authors: Chen, Tsung-Kang, Chen, Yan-Shing, Liao, Hsien-Hsing
Format: Article
Language:English
Subjects:
2001-2007
Bargaining
Bargaining power
Bond yield spreads
Bonds
Capital structure
Corporate bonds
Credit
Credit ratings
Credit risk
Gewerkschaft
Kreditrisiko
Labor union
Labor union Bargaining power Credit risk Structural credit model Bond yield spreads
Labor unions
Management
Power
Ratings & rankings
Spread
Structural credit model
Structural models
Studies
Trade unions
U.S.A
USA
Verhandlungsmacht
Yield
Zinsstruktur
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