The literature suggests that the presence of a labor union poses operational risk for firms by reducing operating flexibility. We posit that managers stockpile inventory in response to their heightened operational risk, such as potential strikes, so that managers maintain bargaining power in...

Solidarity is probably one of the most undeniable concepts of the social sciences as it is present in every group formation being this a country, a family or a trade union. But globalization has questioned the core of traditional solidarity and has challenged us to find new forms of solidarity...