The Effect of Labor Unions on Firm’s Cash Flow Sensitivity of Cash
碩士 === 國立雲林科技大學 === 財務金融系碩士班 === 101 === This paper examines the firm’s propensity to save cash out of cash flows (the cash flow sensitivity of cash) when considering the effect of labor unions. Using unionization rates to proxy for union strength, I show that the corporate cash flow sensitivity of...
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2013
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| Online Access: | http://ndltd.ncl.edu.tw/handle/53992422761901328562 |
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ndltd-TW-101YUNT53040422015-10-13T22:57:22Z http://ndltd.ncl.edu.tw/handle/53992422761901328562 The Effect of Labor Unions on Firm’s Cash Flow Sensitivity of Cash 工會力量對公司儲蓄率的影響 Ya-Hsuan Chuang 莊雅琁 碩士 國立雲林科技大學 財務金融系碩士班 101 This paper examines the firm’s propensity to save cash out of cash flows (the cash flow sensitivity of cash) when considering the effect of labor unions. Using unionization rates to proxy for union strength, I show that the corporate cash flow sensitivity of cash is negatively related with union power, which implies that firms facing stronger unions strategically choose to save less cash out of cash flows. By doing so, a firm can make a more credible case that the risk of liquidity shortages threatens its competitive viability and thus enhance its bargaining power against the union. Yan-Shing Chen 陳彥行 2013 學位論文 ; thesis 35 zh-TW |
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NDLTD |
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zh-TW |
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Others
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NDLTD |
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碩士 === 國立雲林科技大學 === 財務金融系碩士班 === 101 === This paper examines the firm’s propensity to save cash out of cash flows (the cash flow sensitivity of cash) when considering the effect of labor unions. Using unionization rates to proxy for union strength, I show that the corporate cash flow sensitivity of cash is negatively related with union power, which implies that firms facing stronger unions strategically choose to save less cash out of cash flows. By doing so, a firm can make a more credible case that the risk of liquidity shortages threatens its competitive viability and thus enhance its bargaining power against the union.
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| author2 |
Yan-Shing Chen |
| author_facet |
Yan-Shing Chen Ya-Hsuan Chuang 莊雅琁 |
| author |
Ya-Hsuan Chuang 莊雅琁 |
| spellingShingle |
Ya-Hsuan Chuang 莊雅琁 The Effect of Labor Unions on Firm’s Cash Flow Sensitivity of Cash |
| author_sort |
Ya-Hsuan Chuang |
| title |
The Effect of Labor Unions on Firm’s Cash Flow Sensitivity of Cash |
| title_short |
The Effect of Labor Unions on Firm’s Cash Flow Sensitivity of Cash |
| title_full |
The Effect of Labor Unions on Firm’s Cash Flow Sensitivity of Cash |
| title_fullStr |
The Effect of Labor Unions on Firm’s Cash Flow Sensitivity of Cash |
| title_full_unstemmed |
The Effect of Labor Unions on Firm’s Cash Flow Sensitivity of Cash |
| title_sort |
effect of labor unions on firm’s cash flow sensitivity of cash |
| publishDate |
2013 |
| url |
http://ndltd.ncl.edu.tw/handle/53992422761901328562 |
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