The Effects of Collective Bargaining and Threats of         Unionization on Firm Investment Policy, Return on           Investment, and Stock Valuations
{'Code': '04050100', 'Directorate': {'Abbreviation': 'SBE', 'LongName': 'Direct For Social, Behav & Economic Scie'}, 'Division': {'Abbreviation': 'SES', 'LongName': 'Divn Of Social and Economic Sciences'}}
{'SignBlockName': 'Lynn A. Pollnow', 'PO_EMAI': None, 'PO_PHON': None}
This project is important because it will significantly extend our              understanding of the impact of unions on the behavior of firms.  Recent         studies on the effect of unions on the profitability of firms indicate          that unions have the effect of reducing shareholder wealth.  A recent           paper by the principal investigator suggests that an unanticipated              increase in new wage settlements results in an equal reduction in               shareholder wealth.  The purpose of this study is to determine how the          effect of labor unions on profits influences investment decisions               of firms.  This research has the potential of explaining the degree to          which union activity affects firm-investment behavior, which in turn            may have altered employment patterns and union membership in the U.S. A         comprehensive model of investment behavior will be developed which              explicitly considers, among other traditional determinants of                   investment, unionization and collective bargaining.  The model will be          tested extensively with firm level bargaining and unionization data,            and investment and financial data.
{'FirstName': 'John', 'LastName': 'Abowd', 'PI_MID_INIT': 'M', 'PI_SUFX_NAME': None, 'PI_FULL_NAME': 'John M Abowd', 'EmailAddress': 'john.abowd@cornell.edu', 'NSF_ID': '000332299', 'StartDate': '07/01/1988', 'EndDate': None, 'RoleCode': 'Principal Investigator'}
{'Name': 'National Bureau of Economic Research Inc', 'CityName': 'CAMBRIDGE', 'ZipCode': '021385359', 'PhoneNumber': '6178683900', 'StreetAddress': '1050 MASSACHUSETTS AVE', 'StreetAddress2': None, 'CountryName': 'United States', 'StateName': 'Massachusetts', 'StateCode': 'MA', 'CONGRESSDISTRICT': '05', 'CONGRESS_DISTRICT_ORG': 'MA05', 'ORG_UEI_NUM': 'GT28BRBA2Q49', 'ORG_LGL_BUS_NAME': 'NATIONAL BUREAU OF ECONOMIC RESEARCH INC', 'ORG_PRNT_UEI_NUM': None}
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{'Code': '1320', 'Text': 'Economics'}
{'url': 'https://www.nsf.gov/awardsearch/download?DownloadFileName=1988&All=true', 'xml': '8813847.xml'}