Market Reactions to Announcements of Corporate Downsizing Actions And Implementation Strategies  

Oleh:

Nixon, Robert D. ; Hitt, Michael A. ; Ho-Uk, Lee ; Eui Jeong

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 25 no. 11 (Nov. 2004), page 1121-1129.
Topik: market reaction; downsizing; human capital; implementation; reallocation strategies; disengagement incentives

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.17 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

This study examines the effects of downsizing actions and implementation strategies on market performance. While downsizing acrions reduce costs, they also produce a loss of valuable human capital that can exceed the benefits resulting from the lay - offs. In support of this argument, the results showed that downsizing had a negative effect on market returns and the effects grow increasingly negative with larger downsizing actions. However, the market reacts more positively to downsizing actions when reallocation strategies are used and to large downsizing actions when disengagement incentives are applied. The reuslts of this research suggest the importance of carefully managing valuable resources to create positive returns.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali