Text
Layoff announcements and stockholder wealth
Researchers have largely ignored the strategic implications of layoffs. With the passage of the Worker Adjustment and Retraining Notification Act, many managers are anguishing about the consequences of layoff announcements for their firms and shareholders. We tested the reaction of the securities' market to announcements of 194 layoffs. Investors reacted negatively to announcements attributable to financial reasons. Negative preannouncement reactions occurred when negative hints about firms preceded announcements, and announcements of large or permanent layoffs elicited stronger negative responses than other announcements.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| AMJ3403 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Ada, Ohio: Academy of Management 1991 |
|---|---|
| Edisi | Vol. 34, No. 3, Sept. 1991 |
| Subjek | Strategic planning Financial performance Corporate reorganizations Downsizing of organizations Capitalists and financiers Executives attitudes |
| ISBN/ISSN | 0001-4273 |
| Klasifikasi | NONE |
| Deskripsi Fisik | pp. 662-678 |
| Info Detail Spesifik | Academy of Management Journal |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |