haku: @author Milkovich, G. T. / yhteensä: 9
viite: 3 / 9
Tekijä: | Abowd, J. M. Milkovich, G. T. Hannon, J. M. |
Otsikko: | The effects of human resource management decisions on shareholder value |
Lehti: | Industrial and Labor Relations Review
1990 : FEB, VOL. 43:3, p. 203-236 |
Asiasana: | PERSONNEL MANAGEMENT SHAREHOLDERS DECISION MAKING REVENUE SECURITIES RATE OF RETURN |
Kieli: | eng |
Tiivistelmä: | The event study methodology is used and extended, to consider the effects of a variety of human resource decisions on shareholder return. The sample for this study includes all firms with traded securities on the New York Stock Exchange in 1980 or 1987. The source for events and the event dates is the Wall Street Journal. No consistent pattern of increased or decreased valuation in response to any of five categories of human resource announcements was found, even after controlling for the likely effect of such announcements on total compensation costs. On the other hand, announcements of permanent staff reductions and shutdowns and relocations were associated with increases in the variation of abnormal total shareholder return around the announcement date. |
SCIMA