Becker, Brian E.; Olson, Craig A. - In: Industrial and Labor Relations Review 39 (1986) 3, pp. 425-438
From an analysis of data for 1962-82, the authors find that strikes substantially affect shareholder equity as measured by the change in stock prices associated with strikes. Over that period the average strike involving 1,000 or more workers resulted in a 4.1% drop in shareholder equity,...