The objective of this paper is to observe the reaction of the Spanish Stock Market tothe signature of a collective agreement at a company level, measuring abnormal returns,abnormal volume and the associated risk on the day the information reaches the market.Bearing in mind that this type of...

The aim of this paper is to analyse the reaction of the stock prices of competing companies to the signature of a firm-level collective agreement. Considering that this type of agreement slants to the rise the wages of these firms with respect to those of the sector, we have found empirical...