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Risk sharing within and outside the firm: the disparate effects of wrongful discharge laws on expected stock returns

Robert Mahlstedt (University of Copenhagen and IZA), Rüdiger Weber (WU Vienna University of Economics and Business and VGSF) ; IZA Institute of Labor Economics

We study the effect of wrongful-discharge laws (WDL) on firm-level stock returns. We find disparate effects depending on the exact design of the law. Consistent with rational, risk-based pricing, the effect on returns seems to be linked to how firms share systematic risk with their employees under t...

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Bibliographic details
Volume: no. 13941
Main Author: Mahlstedt, Robert
Weber, Rüdiger
Format: eBook
Language: English
Related: Forschungsinstitut zur Zukunft der Arbeit ¬[Herausgebendes Organ]
Ort : Verlag : ErscheinungsdatumBonn, Germany : IZA Institute of Labor Economics : December 2020
Erscheinungsort: (Ort)Bonn
Extent: 1 Online-Ressource (58 Seiten)
Umfang: (Dateityp; Kodierungsformat)Textdatei; PDF
Series: Discussion paper series / IZA Institute of Labor Economics ; no. 13941
Links: Fulltext
HBZ-ID: HT020672408 » further libraries in North Rhine-Westphalia
Database: ULB Bonn