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Aug 2026

Economic effects of major labour reforms: Sectoral heterogeneity and the role of operational efficiency

We examine the short‐term stock market reaction to the implementation of India's four consolidated Labour Codes on November 21, 2025. Employing the event study method on 1871 National Stock Exchange‐listed firms, we find a significant negative aggregate market reaction, with a cumulative average abnormal return of ap...

M. Duggal, Dharen Kumar Pandey · 0 citations

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