I asked my husband, who is an IO psychologist and teaches human resource
management here at IU, if he could think of any published research in
this area.  Here is his response.  If you want to contact him directly,
he is Prof. George Dreher at [log in to unmask]
Laura

*********************************
I suggest that he take a look at the following article in AMJ. My
recollection is that these researchers reasoned (and found) that
announcements of U.S. Department of Labor awards for exemplary diversity
programs would be associated with positive stock returns and that
announcements of damage awards from settlements of discrimination
lawsuits would be associated with negative stock returns. The questions
considered here differ from the question Professor Bird is pursuing -
but I think this article might open to a relevant and related management
literature.

 

Wright, P., Ferris, S. P., Hiller, J. S., and Kroll, M. (1995).
Competitiveness through management of diversity: Effects on stock
valuation. Academy of Management Journal, 38, 272-287.
******************************************
 


-----Original Message-----
From: Academy of Legal Studies in Business (ALSB) Talk
[mailto:[log in to unmask]] On Behalf Of Michael Garrison
Sent: Tuesday, March 23, 2004 3:52 PM
To: [log in to unmask]
Subject: Re: Finance / Employment Law empirical research


Robert

I agree with Ginny that non-competes would be a potential area for
empirical research.

There have been several articles addressing the economic effects of
state policies on employee non-compete agreements. One of the most
interesting is Professor Gilson's piece in the New York University Law
Review titled "The Legal Infrastructure of High Technology Industrial
Districts: Silicon Valley, Route 128, and Covenants Not to Compete." (74
NYULV 575). He takes the position that California's restrictive approach
to employee non-competes has had a positive impact on the success of the
high technology sector in the state.

Michael


At 03:04 PM 3/23/2004 -0500, you wrote:
>The enforceability and permissible breadth of covenants not to compete.
>
>Ginny
>----- Original Message -----
>From: <mailto:[log in to unmask]>Robert Bird
>To: <mailto:[log in to unmask]>[log in to unmask]
>Sent: Tuesday, March 23, 2004 1:31 PM
>Subject: Finance / Employment Law empirical research
>
>
>
>Hello everyone,
>
>I have joined up with a finance colleague of mine (a good researcher 
>whose last hit was in the Journal of Finance) to design and test 
>emprical questions involving the intersection of employment laws and 
>the financial performance of the firm.  Specifically, we want to look 
>at whether or not the strength of state wrongful discharge laws 
>adversely affects the efficacy of a firm with employees in that state.

>Has this research been done before?  Are their other employment laws 
>that might vary according to states that might be testable in this 
>fashion?  Are they any obvious challenges with such a research 
>question?
>
>Thanks for the help.... Less than five months to Ottawa!
>
>Robert C. Bird, J.D., M.B.A.
>Assistant Professor
>Department of Finance & Legal Studies
>Seton Hall University
>email: [log in to unmask]

Michael Garrison
Professor of Business Law
Department of Management, Marketing, and Finance
College of Business Administration
North Dakota State University
PO Box 5137
Fargo, ND 58105-5137
701-231-7509