Effect of strike on turnover, dispersion, and returns.

Coefficients and t-statistics (in parentheses) from an OLS regression with daily turnover, dispersion, and returns as the dependent variables and a dummy variable that indicates whether WSJ wrote about that firm on that day (Article dummy), the positve (RESID+) and negative (RESID-) residuals from a market-model regression, a dummy variable for when the residual was positive (RESID+ dummy), day-of-the-strike dummies (SD -1, SD1, SD2, …), and interaction terms as independent variables. Dummy variables for day-of-the-week and for each firm are also included. Standard errors are clustered by firm.