Three essays on corporate finance

• Main Author: Kim, Hye Min
• Other Authors: Jun-koo KANG
• Format: Thesis-Doctor of Philosophy
• Language: English
• Published: Nanyang Technological University 2020
• Subjects: Business::Finance
• Online Access: https://hdl.handle.net/10356/138088
• Institution: Nanyang Technological University

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...