Downsizing and Profitability: An Empirical Study of Portuguese Firms in 1993¡V2005
AbstractAlthough firms may resort to downsizing strategies to improve financial performance, the actual outcome of downsizing is inconclusive. Testing a sample of 1,357 Portuguese firms, we conclude that firms that downsize tend to continue to underperform compared to those that do not downsize.
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Bibliographic InfoArticle provided by College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan in its journal International Journal of Business and Economics.
Volume (Year): 10 (2011)
Issue (Month): 1 (April)
downsizing effects; downsizing performance; financial performance; Portugal;
Find related papers by JEL classification:
- G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
- M19 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Other
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kristien Coucke & Enrico Pennings & Leo Sleuwaegen, 2007. "Employee layoff under different modes of restructuring: exit, downsizing or relocation," Industrial and Corporate Change, Oxford University Press, vol. 16(2), pages 161-182, April.
- Peter Chalos & Charles J. P. Chen, 2002. "Employee Downsizing Strategies: Market Reaction and Post Announcement Financial Performance," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 29(5&6), pages 847-870.
- Kang, Jun-Koo & Shivdasani, Anil, 1997. "Corporate restructuring during performance declines in Japan," Journal of Financial Economics, Elsevier, vol. 46(1), pages 29-65, October.
- Jody Hoffer Gittell & Kim Cameron & Sandy Lim & Victor Rivas, 2005. "Relationships, Layoffs, and Organizational Resilience: Airline Industry Responses to September 11," EERI Research Paper Series EERI_RP_2005_06, Economics and Econometrics Research Institute (EERI), Brussels.
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