Trade union mergers and competition in British banking

This article examines union merger discussions in the clearing banks in relation to the model developed by Undy et al. ‘Emphasising the importance of ideological differences and the proposed distribution of power in the negotiations, it argues more stress be placed on internal political factors in explaining merger patterns.     

Diversity in trade union membership: a typology based on the study of a Spanish trade union

While existing literature on the changing nature of trade union membership concentrates on unidimensional differences between members, this article proposes a multidimensional typology, which considers demographic characteristics as well as labour market position and length of union membership. Our results allow the identification of different member profiles; these are significantly associated to differences in employment conditions, work participation, job satisfaction and union activism. In the last section of the article, we discuss the practical implications that these different member profiles may have for union policy and organisation.     

The importance of national institutional arrangements: the case of trade union membership and unemployment

In some EU countries the trade unions are centrally involved in the administration and distribution of unemployment benefits. This institutional relationship is held to play an important role in accounting for the relatively high level of union density in the countries concerned. However, there has been very little systematic, empirical research designed to demonstrate this alleged effect. This paper analyses a large-scale body of survey data for all the EU countries in 1993 to test for this effect, with the results strongly confirming the role and strength of this institutional relationship.     

British trade union membership,density and decline in the 1980s: a research note

This article is concerned with British trade union membership statistics. It provides three different estimates of trade union density and considers their meaning and significance. It also assesses the reliability of union membership figures, and finally it provides fresh data on the unemployed membership of trade unions.     

The resurgence of national‐level bargaining: union strategies in Spain

Spain has witnessed an oscillating pattern of bargaining in which national‐level agreements were first present, then declined, and have since resurfaced. While economic pressures may have motivated changing union responses, the specifics of the bargaining patterns can be better understood if domestic institutions are included in an explanation of union strategies.     

Job regulation and the managerial challenge to trade unions: evidence from two union membership surveys

Data from a survey of union activists in twelve unions, and from a survey of members of the Communication Workers Union, are used to argue that changes in labour management and work organisation do not provide scope for social partnership at work, but do represent new difficulties for collective representation.     

Barriers to cross‐border trade union cooperation in Europe: the case of the graphical workers

This paper is concerned with exploring the barriers to cross‐border trade union cooperation among graphical workers in Europe. Highlighting the increasing globalisation of graphical multinationals, the paper illustrates that graphical unions cannot restrict their activities to developments within national boundaries. As such it highlights some of the obstacles that unions face in attempting to instigate transnational cooperation strategies. These obstacles include: the role of employers, the prevailing practices of the unions, employee reticence, the role of the law and resource constraints. It concludes by stressing the continuing need to strengthen cross‐border trade union networks with the ability to impose effective sanctions against the unbridled growth of multinational power.     

Reconsidering union membership in Spain, 1977-1994: halting decline in a context of democratic consolidation

Examining newly available figures, this article argues that in spite of Spanish high unemployment and economic re-structuring, union membership in Spain increased significantly from 1986 to 1993. The effect of democratic consolidation, as well as complex union dynamics in the labour market, generate this recovery that challenges, to some extent, the pessimistic union decline thesis.     

Facing ‘fairness at work’: union perception of employer opposition and response to union recognition

The introduction of statutory mechanisms by which unions can gain union recognition in Britain has stimulated employer activity to avoid and subvert union recognition campaigns. This article examines the nature and extent of such employer activities and how unions have responded.     

Competitor complaints in anti-trust enforcement: of Microsoft and mergers

Competition laws are intended to protect consumers but they can be twisted to serve the interests of competitors. Complaints by competitors can be useful in anti-trust cases but, in general, anti-trust agencies should be 'deeply sceptical' of such complaints which may reflect attempts to seek protection from a more efficient competitor. Both US and EU officials have not been sufficiently sceptical of complaints against Microsoft by its competitors: consumers will pay the price for this error.     

Nonparametric measurement of potential gains from mergers: an additive decomposition and application to Indian bank mergers

Journal of Productivity Analysis - In this paper, we derive conditions under which merger between a number of firms within the same industry would induce a more cost efficient production of the...     

Determinants of the method of payment in mergers and acquisitions

We empirically investigate the determinants of the payment form in mergers and acquisitions and introduce new variables on the target and acquirer investment characteristics to evaluate whether the concerns of target and acquirer shareholders are taken into account. Our sample encompasses mergers between publicly listed US companies from 1985 to 2004. Similarly we also consider the determinants of announcement returns using the same set of variables. We establish the relevance of a previously unreported variable for the determination of the payment form, the correlation of returns between target and acquirer, besides the more established determinants hostile takeovers, and defence mechanisms; weak evidence is found for the significance of budget constraints and no evidence for asymmetric information or tax considerations being a relevant factor. We do not find that announcement returns are explained by the variables considered.     

A study on the wealth effects of irish takeovers and mergers

This paper presents the findings of an empirical study on the share-price effects of takeovers and mergers on the Dublin Stock Exchange. The population under study consists of all acquisitions during the period 1965–83, and it is limited to those instances in which both partners were quoted and traded on the exchange. The Market Model has been adapted to take account of market inefficiencies. Any findings are evaluated in the light of other reported research.     

Bank mergers and components of risk: An evaluation

The present study empirically examines the contribution of the acquired banks in only the nonconglomerate types of mergers (i.e., banks with banks), where the bulk of the payment is in the form of equity to the acquiring bank and finds overwhelmingly statistically significant evidence that nonconglomerate types of mergers definitely reduce the total as well as the unsystematic risk while having no statistically significant effect on systematic risk. Therefore, it seems that diversification may be a possible motive for bank mergers.