Kane, Gregory D.; Velury, Uma; Ruf, Bernadette M. - In: Journal of Business Finance & Accounting 32 (2005-06) 5-6, pp. 1083-1105
In this paper, we investigate the association of employee relations with the occurrence of onset of financial distress. We argue that if adverse economic conditions arise, firms that have maintained good employee relations will be more effective in obtaining temporary labor concessions. As a...