This study examines whether a firm’s leverage can be used strategically to improve its bargaining position with an organized labor union using samples of non-financial firms listed on the Korean Stock Exchange (KSE) from 1999 to 2013. Through empirical testing, we find that the portfolio with...

We investigate the firms' and unions' incentives to engage in social responsibility activities in a unionized differentiated goods' duopoly market. The socially responsible attributes attached to products are considered as credence goods, with consumers forming expectations about their existence...