; Spread Decomposition Models ; Adverse Selection Risk …

from management. This paper investigates whether labor unions use proposals opportunistically to influence contract … negotiations. Our empirical strategy relies on the observation that proposals have higher bargaining-chip value in contract … expiration years, when a new contract must be negotiated. We find that in contract expiration years compared to nonexpiration …

least one earnings-based covenant. Combining earnings-based-covenant contract values from debt agreements with information …