Access the full text.
Sign up today, get DeepDyve free for 14 days.
J. Dertouzos, Lynn Karoly (1992)
Labor Market Responses to Employer Liability
L. Edelman, S. Abraham, H. Erlanger (2014)
Professional Construction of Law: The Inflated Threat of Wrongful DischargeLaw & Society: Private Law - Labor & Employment Law eJournal
L. Blades (1967)
Employment at Will vs. Individual Freedom: On Limiting the Abusive Exercise of Employer PowerColumbia Law Review, 67
M. Selmi (2003)
The Price of Discrimination: The Nature of Class Action Employment Discrimination Litigation and Its EffectsTexas Law Review, 81
David Autor (2001)
Outsourcing at Will: The Contribution of Unjust Dismissal Doctrine to the Growth of Employment OutsourcingJournal of Labor Economics, 21
Andrew Morriss (1995)
Developing a Framework for Empirical Research on the Common Law: General Principles and Case Studies of the Decline of Employment-at-WillCase Western Reserve law review, 45
C. Summers (1976)
Individual Protection against Unjust Dismissal: Time for a StatuteVirginia Law Review, 62
The market’s reactions to six decisions that dealt with the employment‐at‐will doctrine were examined with event study methodology. Three hypotheses were tested, all three of which were supported clearly by the data. Shareholder returns to a sample of California firms fell in response to the three California decisions that provided at‐will employees with causes of action to challenge their discharges; returns to those same firms rose in response to the Foley decision, which cut back on the employment‐at‐will erosions in California; and, returns to a sample of firms in New York rose in response to the two decisions from New York that affirmed the supremacy of the employment‐at‐will doctrine in New York. These results support the view that employment‐at‐will is beneficial for employers and that erosions to that doctrine are costly to employers.
Managerial Law – Emerald Publishing
Published: Dec 1, 2004
Keywords: Stock market; Shareholders; United States of America
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.