This article is an empirical examination of whether or not stockholder wealth rose in response to passage of right-to-work laws - state laws banning union shop clauses from collective bargaining agreements. Stockholder wealth rose when Louisiana passed such a law in 1976 and when Idaho did so in...

The impact of Gilmer v. Interstate/Johnson Lane Corp., was assessed by examining the effect of the decision on shareholder returns in two samples of firms. Shareholder returns of securities firms rose between 5% and 6% in response to the decision, indicating that firms in the securities industry...