How Do Anti-discrimination Laws Affect Firm Performance and Financial Policies? Evidence from the Post-World War II Period

2021 ◽  
Author(s):  
Daniel Greene ◽  
Jaideep Shenoy
Keyword(s):  
World War Ii ◽  
Racial Discrimination ◽  
State Level ◽  
Theoretical Models ◽  
World War ◽  
Negative Effects ◽  
Financial Policies ◽  
Post World War Ii ◽  
Financing Decisions ◽  
Monopsony Power

We exploit the staggered passage of state-level fair-employment laws in the post-World War II period to examine how stronger worker protection against racial discrimination affects firm profitability and financing decisions. We find that firms experience a decline in operating profitability after the passage of anti-discrimination laws. We also document that the adoption of these laws leads to a reduction in debt ratios, which suggests that firms are able to partially offset the negative effects on operating profitability by adjusting their capital structure. Consistent with theoretical predictions, these effects of anti-discrimination laws are more pronounced for firms in states and cities with a greater proportion of African Americans, firms with high labor intensity, firms in states experiencing high African American migration, and firms in concentrated industries. Some of our evidence suggests that anti-discrimination laws lead to a reduction in statistical discrimination or monopsony power rather than taste-based discrimination. Taken together, our results are supportive of theoretical models of discrimination and show that racial discrimination laws significantly affect firm operating performance and financial policies. This paper was accepted by David Simchi-Levi, finance.

THE ROLE AND ROLE OF OIL POLICY IN SAUDI ARABIA IN POST WORLD WAR II ECONOMIC LIFE

2019 ◽  
Vol 20 (2) ◽  
pp. 37-41
Author(s):  
Maftuna Sanoqulova ◽  
Keyword(s):  
Saudi Arabia ◽  
World War Ii ◽  
Economic Life ◽  
World War ◽  
Post World War Ii ◽  
The World ◽  
History Of ◽  
Oil Policy

This article consists of the politics which connected with oil in Saudi Arabia after the World war II , the relations of economical cooperations on this matter and the place of oil in the history of world economics

Dynamics of Immigration: From Humanitarianism to Securitization

2018 ◽  
Author(s):  
Reumah Suhail
Keyword(s):  
World War Ii ◽  
Host Country ◽  
Country Of Origin ◽  
Immigration Policies ◽  
World War ◽  
Post World War Ii ◽  
Immigration Process ◽  
History Of ◽  
Selection Of

The paper addresses the different aspects of the politics of immigration, the underlying factors that motivate, force or pressurize people to move from their country of origin to new abodes in foreign nations. In the introduction the paper discusses different theories playing their due role in the immigration process, namely Realism and Constructivism. The paper examines the history of immigration and post-World War II resettlement followed by an analysis of how immigration policies are now centered towards securitization as opposed to humanitarianism after 9/11, within the scenario of globalization. Muslim migrant issues and more stringent immigration policies are also weighed in on, followed by a look at immigration in regions which are not hotspot settlement destinations. Lastly an analysis is presented about the selection of a host country a person opts for when contemplating relocation; a new concept is also discussed and determined whereby an individual can opt for “citizenship by investment” and if such a plan is an accepted means of taking on a new nationality.

LABOR'S CHANGING RESPONSES TO MANAGEMENT RHETORICS: A STUDY OF ACCOUNTING-BASED INCENTIVE PLANS DURING THE FIRST HALF OF THE 20TH CENTURY

1999 ◽  
Vol 26 (2) ◽  
pp. 133-162 ◽  
Author(s):  
Leslie S. Oakes ◽  
Mark A. Covaleski ◽  
Mark W. Dirsmith
Keyword(s):  
World War Ii ◽  
20Th Century ◽  
Accounting Information ◽  
Profit Sharing ◽  
World War ◽  
Post World War Ii ◽  
Research Questions ◽  
Incentive Plans ◽  
Information Change

This study compares organized labor's reactions to changing management rhetorics as these rhetorics surrounded accounting- based incentive plans, including profit sharing. Results suggest that labor's perceptions of profit sharing changed dramatically from the 1900–1930 period to post-World War II. The shift, in turn, prompts an exploration of two research questions: (1) how and why did the national labor discourse around the management rhetoric and its emphasis on accounting information change, and (2) how did this change render unions more governable in their support for accounting-based incentive plans?

East Asian Exceptionalism to Western Populism and Migration Crisis

2018 ◽  
pp. 196-210
Author(s):  
John Lie
Keyword(s):  
World War Ii ◽  
East Asia ◽  
East Asian ◽  
Northeast Asia ◽  
Historical Account ◽  
World War ◽  
Post World War Ii ◽  
The World ◽  
Migration Crisis ◽  
And Migration

In the 2010s, the world is seemingly awash with waves of populism and anti-immigration movements. Yet virtually all discussions, owing to the prevailing Eurocentric perspective, bypass East Asia (more accurately, Northeast Asia) and the absence of strong populist or anti-immigration discourses or politics. This chapter presents a comparative and historical account of East Asian exceptionalism in the matter of migration crisis, especially given the West’s embrace of an insider-outsider dichotomy superseding the class- and nation-based divisions of the post–World War II era. The chapter also discusses some nascent articulations of Western-style populist discourses in Northeast Asia, and concludes with the potential for migration crisis in the region.

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