We examine whether financial analysts understand the effect of unionization on firm earnings in the U.S. by examining a large panel dataset with firm-level unionization, adoptions of right-to-work (RTW) laws, and union certification elections. We find that forecast errors for unionized firms in...

The major indicator that attracts a person to invest in a company is the performance of the firm. Various measures such as ROA, ROE, and Tobin's Q have been tagged on performance. But the traditional and objective measure is the net profit of the company. Using purposive sampling of 25 companies...