{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,9,20]],"date-time":"2026-09-20T12:03:19Z","timestamp":1789905799854,"version":"4.0.1"},"reference-count":45,"publisher":"Wiley","issue":"4","license":[{"start":{"date-parts":[[2006,8,8]],"date-time":"2006-08-08T00:00:00Z","timestamp":1154995200000},"content-version":"vor","delay-in-days":5820,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[1990,9]]},"abstract":"<jats:title>Abstract<\/jats:title><jats:p>This paper considers the relationship between unions and financial performance using data from the 1980 and 1984 Workplace Industrial Relations Surveys. A qualitative indicator of financial performance is utilized and ordered probit estimates presented. These indicate that unionized establishments are characterized by lower performance levels than are non\u2010union concerns. The interface between union effects and relative market power is also explored and the ability of unions to extract a share of the available rents is found to be greater if the plants in which they are located possess a higher market share.<\/jats:p>","DOI":"10.1002\/jae.3950050403","type":"journal-article","created":{"date-parts":[[2007,7,12]],"date-time":"2007-07-12T14:57:25Z","timestamp":1184252245000},"page":"327-350","source":"Crossref","is-referenced-by-count":75,"title":["Unions and the financial performance of british private sector establishments"],"prefix":"10.1002","volume":"5","author":[{"given":"Stephen J.","family":"Machin","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Mark B.","family":"Stewart","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2006,8,8]]},"reference":[{"key":"e_1_2_1_2_1","first-page":"774","article-title":"The effect of wage bargains on the stock market value of the fir","volume":"79","author":"Abowd J. M.","year":"1989","journal-title":"American Economic Review"},{"key":"e_1_2_1_3_1","first-page":"1483","article-title":"Qualitative response models: a surve","volume":"19","author":"Amemiya T.","year":"1981","journal-title":"Journal of Economic Literature"},{"key":"e_1_2_1_4_1","volume-title":"Advanced Econometrics","author":"Amemiya T.","year":"1985"},{"key":"e_1_2_1_5_1","doi-asserted-by":"publisher","DOI":"10.2307\/2233910"},{"key":"e_1_2_1_6_1","doi-asserted-by":"crossref","unstructured":"Brown J. N. andO.Ashenfelter(1986) \u2018Testing the efficiency of employment contract.\u2019 Journal of Political Economy Supplement 40\u201387.","DOI":"10.1086\/261399"},{"key":"e_1_2_1_7_1","doi-asserted-by":"publisher","DOI":"10.1016\/0304-4076(87)90066-2"},{"key":"e_1_2_1_8_1","first-page":"893","article-title":"Unionisation and firm performance: the impact on profits, growth and productivit","volume":"74","author":"Clark K. B.","year":"1984","journal-title":"American Economic Review"},{"key":"e_1_2_1_9_1","doi-asserted-by":"publisher","DOI":"10.2307\/1924515"},{"key":"e_1_2_1_10_1","doi-asserted-by":"publisher","DOI":"10.1007\/978-1-349-16681-7"},{"key":"e_1_2_1_11_1","doi-asserted-by":"publisher","DOI":"10.2307\/2553125"},{"key":"e_1_2_1_12_1","volume-title":"Workplace Industrial Relations in Britain: the DE\/PSI\/ESRC Survey","author":"Daniel W. W.","year":"1983"},{"key":"e_1_2_1_13_1","doi-asserted-by":"publisher","DOI":"10.2307\/2098604"},{"key":"e_1_2_1_14_1","first-page":"82","article-title":"On the misuse of accounting rates of return to infer monopoly profit","volume":"73","author":"Fisher F. M.","year":"1983","journal-title":"American Economic Review"},{"key":"e_1_2_1_15_1","doi-asserted-by":"crossref","unstructured":"Freeman R. B.(1983) \u2018Unionism price\u2010cost margins and the return to capita.\u2019 National Bureau of Economic Research Working Paper No. 1164.","DOI":"10.3386\/w1164"},{"key":"e_1_2_1_16_1","doi-asserted-by":"crossref","first-page":"83","DOI":"10.1177\/0003603X8202700103","article-title":"Concentration versus market share: which determines performance and why does it matter?\u2019","volume":"27","author":"Gale B. T.","year":"1982","journal-title":"Antitrust Bulletin"},{"key":"e_1_2_1_17_1","doi-asserted-by":"publisher","DOI":"10.1002\/jae.3950030203"},{"key":"e_1_2_1_18_1","doi-asserted-by":"publisher","DOI":"10.1016\/0304-4076(87)90065-0"},{"key":"e_1_2_1_19_1","volume-title":"LIMDEP","author":"Greene W.","year":"1985"},{"key":"e_1_2_1_20_1","volume-title":"Competition and Control at Work","author":"Hill S.","year":"1981"},{"key":"e_1_2_1_21_1","doi-asserted-by":"publisher","DOI":"10.1007\/BF02685217"},{"key":"e_1_2_1_22_1","doi-asserted-by":"publisher","DOI":"10.2307\/1928432"},{"key":"e_1_2_1_23_1","doi-asserted-by":"publisher","DOI":"10.2307\/2233434"},{"key":"e_1_2_1_24_1","doi-asserted-by":"publisher","DOI":"10.2307\/2554139"},{"key":"e_1_2_1_25_1","volume-title":"Union Relative Wage Effects, a Survey","author":"Lewis H. G.","year":"1986"},{"key":"e_1_2_1_26_1","doi-asserted-by":"publisher","DOI":"10.1086\/467014"},{"key":"e_1_2_1_27_1","unstructured":"Machin S. J.(1990) \u2018Unions and the capture and economic rents: an investigation using British firm\u2010level dat.\u2019 forthcomingInternational Journal of Industrial Organisation."},{"key":"e_1_2_1_28_1","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1086\/261398","article-title":"Testing between competing models of wage and employment determination in unionized market","volume":"94","author":"MaCurdy T. E.","year":"1986","journal-title":"Journal of Political Economy"},{"key":"e_1_2_1_29_1","unstructured":"Martin S.(1983) \u2018Market firm and economic performanc.\u2019 Salomon Brothers Center for the Study of Financial Institutions Monograph 83\u20101 Graduate School of Business Administration New York University."},{"key":"e_1_2_1_30_1","volume-title":"British Workplace Industrial Relations 1980\u20131984: the DE\/ESRC\/ACAS surveys","author":"Millward N.","year":"1986"},{"key":"e_1_2_1_31_1","unstructured":"Nickell S. andS.Wadhwani(1988) \u2018Financial factors efficiency wages and employment: investigations using micro\u2010dat.\u2019 Centre for Labour Economics Discussion Paper No. 295."},{"key":"e_1_2_1_32_1","doi-asserted-by":"publisher","DOI":"10.1177\/002795018712100106"},{"key":"e_1_2_1_33_1","doi-asserted-by":"crossref","first-page":"103","DOI":"10.1080\/01621459.1981.10477613","article-title":"Concavity of the log\u2010likelihoo","volume":"76","author":"Pratt J. W.","year":"1981","journal-title":"Journal of the American Statistical Association"},{"key":"e_1_2_1_34_1","doi-asserted-by":"crossref","first-page":"250","DOI":"10.1111\/j.2517-6161.1969.tb00796.x","article-title":"Tests for specification error in classical linear least squares regression analysi","volume":"31","author":"Ramsey J. B.","year":"1969","journal-title":"Journal of the Royal Statistical Society, Series B"},{"key":"e_1_2_1_35_1","doi-asserted-by":"crossref","first-page":"389","DOI":"10.1080\/01621459.1976.10480355","article-title":"Some further results on the use of OLS and BLUS residuals in specification error test","volume":"71","author":"Ramsey J. B.","year":"1976","journal-title":"Journal of the American Statistical Association"},{"key":"e_1_2_1_36_1","doi-asserted-by":"publisher","DOI":"10.2307\/1924405"},{"key":"e_1_2_1_37_1","doi-asserted-by":"publisher","DOI":"10.2307\/2555673"},{"key":"e_1_2_1_38_1","volume-title":"Industrial Market Structure and Economic Performance","author":"Scherer F. M.","year":"1980"},{"key":"e_1_2_1_39_1","volume-title":"Handbook of Industrial Economics","author":"Schmalensee R.","year":"1986"},{"key":"e_1_2_1_40_1","first-page":"205","article-title":"Tobin's q and the structure\u2013performance relationshi","volume":"77","author":"Smirlock M.","year":"1984","journal-title":"American Economic Review"},{"key":"e_1_2_1_41_1","doi-asserted-by":"publisher","DOI":"10.2307\/2297773"},{"key":"e_1_2_1_42_1","doi-asserted-by":"publisher","DOI":"10.2307\/2233327"},{"key":"e_1_2_1_43_1","volume-title":"Union wage differentials in the face of changes in the economic and legal environmen","author":"Stewart M. B.","year":"1987"},{"key":"e_1_2_1_44_1","volume-title":"Union wage differentials, product market influences and the division of rent","author":"Stewart M. B.","year":"1988"},{"key":"e_1_2_1_45_1","doi-asserted-by":"publisher","DOI":"10.2307\/1912322"},{"key":"e_1_2_1_46_1","doi-asserted-by":"publisher","DOI":"10.1086\/298096"}],"container-title":["Journal of Applied Econometrics"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.3950050403","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.3950050403","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,1,19]],"date-time":"2025-01-19T06:14:40Z","timestamp":1737267280000},"score":1,"resource":{"primary":{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/jae.3950050403"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[1990,9]]},"references-count":45,"journal-issue":{"issue":"4","published-print":{"date-parts":[[1990,9]]}},"alternative-id":["10.1002\/jae.3950050403"],"URL":"https:\/\/doi.org\/10.1002\/jae.3950050403","archive":["Portico"],"relation":{},"ISSN":["0883-7252","1099-1255"],"issn-type":[{"value":"0883-7252","type":"print"},{"value":"1099-1255","type":"electronic"}],"subject":[],"published":{"date-parts":[[1990,9]]}}}