search query: @indexterm COST CONTROL / total: 336
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| Author: | Espahbodi, R. John, T. Vasudevan, G. |
| Title: | The effects of downsizing on operating performance |
| Journal: | Review of Quantitative Finance and Accounting
2000 : SEP, VOL. 15:2, p. 107-126 |
| Index terms: | LAY-OFFS CORPORATE RESTRUCTURING COST CONTROL |
| Language: | eng |
| Abstract: | The authors of this study examine the performance of 118 firms that downsized between 1989-1993. The authors find that downsizing firms experience declines in operating performance prior to the downsizing announcement. Operating performance improves significantly following the downsizing. These firms are able to reduce the cost of sales, labor cost, capital expenditures and R&D expenditures. The authors also find that firms that perform poorly in their industries prior to the downsizing and have increases in assets following the downsizing have larger improvements in performance. |
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