Bird, Robert C.; Knopf, John D. - In: Journal of Law and Economics 52 (2009) 2, pp. 197-222
We estimate the effects on firm costs and profitability of wrongful-discharge protections adopted by U.S. state courts during 1977-99. By examining the data of approximately 18,000 commercial banks, after controlling for local state economic conditions, we find evidence of a relationship between...