Lantushenko, Viktoriya; Marciukaityte, Dalia; Szewczyk, … - 2021
complicated by laws and regulations: U.S. firms with strong labor unions. As unions have special powers granted by government …, unions have to serve the interests of politicians if they want to maintain or increase these powers. Moreover, these powers … allow unions to have a significant negative impact on firms. We find that more knowledgeable institutional investors reduce …