search query: @indexterm Lay-offs / total: 128
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| Author: | Chen, P. (et al.) |
| Title: | Layoffs, shareholders´wealth, and corporate performance |
| Journal: | Journal of Empirical Finance
2001 : MAY, VOL. 8:2, p. 171-199 |
| Index terms: | Lay-offs Redundancy Corporate restructuring |
| Freeterms: | Work force reduction |
| Language: | eng |
| Abstract: | The authors examine the relation between layoffs and stockholders' wealth, and corporate performance subsequent to layoffs. The authors find that layoffs are preceded by a period of poor stock market and earnings performance, and are followed by significant improvement in both. On average, layoff announcements are associated with a significantly negative stock market response, with the owest returns associated with layoffs attributed to declining demand. |
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