The effect of layoff announcements on the shareholder returns of 154 firms that announced layoffs in 1993‐1994 was examined with event study methodology. As expected, the returns to these firms were negative. Further, the returns to the firms that announced layoffs for “reactive” reasons...

Purpose – The purpose of this paper is to compare the market reaction to layoff announcements of union and nonunion employees. Design/methodology/approach – Event study methodology was utilized to assess the effects of layoff announcements of union versus nonunion employees. The union status...

As US firms expand into Canada, it becomes necessary for them to be aware of Canadian law governing labour and employment. Unlike what many might think, the laws in the two countries are substantially different. Further, the effects of these differences have been demonstrated empirically....