The impact of equity markets and corporate governance on labour market flexibility

Boyd Black, H. Gospel, A. Pendleton

Research output: Contribution to journalArticlepeer-review

6 Citations (Scopus)


Drawing from various literatures, this article explores links between equity markets and labour market flexibility. Various data sources are used to test relationships for a set of OECD countries, controlling for other likely influences on flexibility such as government and industrial relations institutions. The results are generally supportive as regards employment flexibility: equity market trading activity is associated with shorter job tenure, higher activity rates, and greater employment change over the cycle. However, the relationship between equity markets and pay flexibility is less statistically robust to the addition of controls.
Original languageEnglish
Pages (from-to)1792-1808
Number of pages17
JournalInternational Journal of Human Resource Management
Issue number10
Publication statusPublished - Oct 2008

ASJC Scopus subject areas

  • Management of Technology and Innovation
  • Organizational Behavior and Human Resource Management
  • Strategy and Management


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