Date of Award

8-31-2015

Document Type

Open Access Thesis

Degree Name

Master of Science (MS)

Department

Accounting

First Advisor

Surjit Tinaikar

Second Advisor

Atreya Chakraborty

Third Advisor

Arindam Bandopadhyaya

Abstract

This paper examines the relationship between labor unionization rates and corporate investment efficiency using 55,300 firm-year observations from 1983–2002. I find evidence that labor unionization rates are negatively associated with underinvestment and overinvestment, which suggests that labor unions can improve investment efficiency. I also find that labor unions and financial reporting quality are complementary in improving investment efficiency.

Comments

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