search query: @indexterm Market search / total: 19
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| Author: | Chalos, P. Chen, C. J. P. |
| Title: | Employee downsizing strategies: market reaction and post announcement financial performance |
| Journal: | Journal of Business Finance and Accounting
2002 : JUN-JUL, VOL. 29:5-6, p. 847-870 |
| Index terms: | Financial performance Market efficiency Market search |
| Freeterms: | Market reactions |
| Language: | eng |
| Abstract: | In an effort to reconcile ongoing layoffs with inconclusive empirical results, the authors segregated a sample by downsizing strategy and examined employee layoff announcements made by Fortune 500 firms in 1993-1995. Unlike previous studies the authors find a positive market reaction with respect to layoff announcements involving cost cutting was insignificant while weak evidence was found for a negative market reaction to layoffs related to plant closing. |
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