Este archivo ha sido creado el [fecha en formato 21-12-2023] por [Teresa Duarte Atoche] GENERAL INFORMATION ------------------ 1. Dataset title: CC_Colombia [Dataset] 2. Authorship: [ Obligatorio | Ponga la información de todos los autores siguiendo el suiguiente formato. Repita el esquema para cada autor.] Name: Ana María Sabater Marcos Institution: Universidad Miguel Hernández Email:asabater@uhm.es ORCID: 0000-0003-2783-7794 Name: Luz Dary González Cortés Institution: Universidad de la Salle Email:luzdgonzalez@unisalle.edu.com ORCID: 0000-0002-1472-5286 Name: Teresa Duarte Atoche Institution: Universidad de Sevilla Email:tduarte@us.es ORCID: https://orcid.org/0000-0002-3664-5180 DESCRIPTION ---------- 1. Dataset language: español 2. Abstract: Despite the conventional coverage of trade unions and the different strategies and agreements that private sector organisations have used to lessen trade union power and collective bargaining, collective bargaining has had an impact on stock markets in Colombia. The aim of this paper is analyse if the signing of a firm level collective agreement has informative content for the investors of Colombian Stock Market.The results show that the signing of an agreement is interpreted as bad news in those companies with greater union strength, on the other hand, the market reacts positively in those companies where the union loses power. 3. Keywords: Collective bargaining; Latin American Stock exchange; Trade unions 4. Date of data collection (fecha única o rango de fechas): 30/09/2019-10/03/2020 5. Publication Date: [ Obligatorio si es aplicable. Fecha de depósito en el repositorio | Formato DD-MM-YYYY] 6. Grant information: No aplica 7. Geographical location/s of data collection: No aplica ACCESS INFORMATION ------------------------ 1. Creative Commons License of the dataset: Licencia CC BY-NC-ND 2. Dataset DOI: https://doi.org/10.12795/11441/153744 3. Related publication: Sabater Marcos, A.M., González Cortés, L.D. y Duarte Atoche, M.T. (2022). The influence that collective bargaining represents on companies listed on the Colombian Stock Exchange: An empirical analysis. Revista de contabilidad = Spanish accounting review, 25 (2), 190-200. https://doi.org/10.6018/rcsar.432281. 4. Link to related datasets: No aplica DOI/URL: VERSIONING AND PROVENANCE --------------- 1. Last modification date: 24/05/2020 2. Were data derived from another source?: No aplica 3. Additional related data not included in this dataset: No aplica METHODOLOGICAL INFORMATION ----------------------- 1. Description of the methods used to collect and generate the data: Our sample covers firms quoted on the Colombian Stock Market that signed a firm-level collective agreement between January 2 2014 and December 31 2018.7 We proceeded as follows. First, we obtained the 135 firm-level collective agreements signed in firms quoted on the Colombian stock market from the Ministry of Labour. As zero momento, we consider the date on which the firm-level agreement was signed. We check that it is correct by conducting a data search in economic press and in the website of the EMI Data Base and Superintendencia Financiera de Colombia. We found that the announcement of the agreement is published on the very day that the agreement is signed. Second, we selected the length of the event window in order to test abnormal behavior in the magnitudes of the sample firms. Although most information on collective agreements is usually quickly incorporated into stock prices, in- formation may sometimes leak out before formal publication, or publication may be delayed. Then, we considered five days before and after the zero moment. Firms which happen to have more than one relevant announcement within the event window (mergers, splits, dividend announcements...) were excluded from the sample to avoid any potential confusing effects. The remaining sample after these exclusions, consisted of 89 firm-level collective agreements for 7 sectors according to the two-digit sector classification. The industries are: trade and other services, other manufacturing industries, cement, glass and construction materials, finance, transport and communications, utilities and construction. 2. Data processing methods: Please refer to Methodology section of the paper titled "The influence that collective bargaining represents on companies listed on the Colombian Stock Exchange: An empirical analysis" 3. Software or instruments needed to interpret the data: Please refer to Methodology section of the paper titled "The influence that collective bargaining represents on companies listed on the Colombian Stock Exchange: An empirical analysis" 4. Information about instruments, calibration and standards: Non applicable 5. Environmental or experimental conditions: Non applicable 6. Quality-assurance procedures performed on the data: Non applicable FILE OVERVIEW ---------------------- 1. Explain the file naming conversion, si es aplicable: CC_Colombia.xlsx 2. File list: Non applicable 3. Relationship between files: Non applicable 4. File format: Excel 5. If the dataset includes multiple files, specify the directory structure and relationships between the files: Non applicable SPECIFIC INFORMATION FOR TABULAR DATA ------------------------------------------- Rit Return on company i on day t Rmt Return on the market on day t; Colpcap Index ARit Abnormal Returns ARit = Rit −(ai +biRmt) Where ai and bi are the GLS estimates obtained in the regressions by using a period of 145 days before the announcement. CARit Cumulative Abnormal Returns TRM The Market Representative Exchange Rate the weighted average for the amount of the operations of buying and selling United States dollars in exchange for Colombian legal currency, agreed for compliance in both currencies on the same day of trading. Volatility Volatility of the COLCAP calculated as the standard deviation of the COLCAP the previous 260 days by the root of 260. Industry Dummy variable per industry Agreement Dummy variable that assigns 1 as a value if the firm only has Collective Agreement and 0 if the firm has Collective Pact Size Market capitalisation, in thousand Pesos. Employment Number of employees Productivity Sales/ Employees Labour costs Labour cost in the year the agreement is signed, thousand Pesos Labour drift The labour cost per employee in the year of the agreement minus the labour cost per employee the previous year (the variable is a percentage) Assets Accounting Asset, thousand Pesos Debt Accounting Debt, thousand Pesos Coverage The workers covered by firm-level collective agreements, as derived from data retrieved from the Union Archive of Ministry of Labour.