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Title: Three essays on corporate finance
Authors: Kim, Hye Min
Keywords: Business::Finance
Issue Date: 2020
Publisher: Nanyang Technological University
Source: Kim, H. M. (2020). Three essays on corporate finance. Doctoral thesis, Nanyang Technological University, Singapore.
Abstract: Using a regression discontinuity design, I show that customer unionization causes suppliers to experience negative stock returns, rely less on these customers for their sales, and be more likely to terminate relationships with them. Suppliers reduce exposure to unionized customers due to the demand uncertainty arising from potential labor disruptions, reduction in customers’ competitiveness in the product market, and customers’ potential shifting of unionization costs to suppliers. However, customers’ unionization mitigates the effect of their default risks on their relationship with the suppliers, because, in this situation, their unions can advocate policies that also benefit the suppliers.
DOI: 10.32657/10356/138088
Schools: Nanyang Business School 
Rights: This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0).
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:NBS Theses

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