ESG impact of Michigan and Indiana right-to-work laws

被引:2
作者
Gondhalekar, Vijay [1 ]
Picard, Joerg [1 ]
Vannette, Morgan [1 ]
机构
[1] Grand Valley State Univ, Seidman Coll Business, Grand Rapids, MI 49504 USA
关键词
Right to work; ESG; difference in difference; Michigan; Indiana; UNIONS;
D O I
10.1080/13504851.2020.1822509
中图分类号
F [经济];
学科分类号
02 ;
摘要
We examine the Environmental, Social, and Governance (ESG) performance of Michigan and Indiana companies before and after they passed the Right-to-Work (RTW) laws in 2012 by referencing it against that of companies in states with and without RTW laws. Our findings indicate that after the laws were passed the Environmental and Social performance of companies in these two states declined on the compliance dimension and so did some of their Social performance on the proactive dimension. Outside of some of the common trends in the ESG performance of companies in states with and without RTW laws, the Social performance of companies in states without RTW laws declined on the proactive dimension as well after the laws were passed. Performance pertaining to Governance was unaffected for companies after the enactments.
引用
收藏
页码:1441 / 1445
页数:5
相关论文
共 19 条
  • [1] [Anonymous], 2018, FORBES
  • [2] [Anonymous], 2011, WORKING PAPER
  • [3] Corporate Social Responsibility and Credit Ratings
    Attig, Najah
    El Ghoul, Sadok
    Guedhami, Omrane
    Suh, Jungwon
    [J]. JOURNAL OF BUSINESS ETHICS, 2013, 117 (04) : 679 - 694
  • [4] Bruno Robert., 2015, LABOR STUDIES J, V40, P319
  • [5] Chava S., 2019, EC IMPACT RIGHT WORK
  • [6] Labor Unions, Operating Flexibility, and the Cost of Equity
    Chen, Huafeng Jason
    Kacperczyk, Marcin
    Ortiz-Molina, Hernan
    [J]. JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 2011, 46 (01) : 25 - 58
  • [7] The Continuing Controversy over Right-to-Work Laws in the Early Twenty-First Century
    Devinatz V.G.
    [J]. Employee Responsibilities and Rights Journal, 2011, 23 (4) : 287 - 293
  • [8] UNION ATTITUDES TO LABOR-SAVING INNOVATION - WHEN ARE UNIONS LUDDITES
    DOWRICK, S
    SPENCER, BJ
    [J]. JOURNAL OF LABOR ECONOMICS, 1994, 12 (02) : 316 - 344
  • [9] What Do Right-to-Work Laws Do? Evidence from a Synthetic Control Method Analysis
    Eren, Ozkan
    Ozbeklik, Serkan
    [J]. JOURNAL OF POLICY ANALYSIS AND MANAGEMENT, 2016, 35 (01) : 173 - +
  • [10] Farber S., 2018, NBER WORKING PAPER