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Discussion of Employee Layoffs, Shareholder Wealth and Firm Performance: Evidence from the UK

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  • Syed Zulfiqar Ali Shah

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  • Syed Zulfiqar Ali Shah, 2007. "Discussion of Employee Layoffs, Shareholder Wealth and Firm Performance: Evidence from the UK," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 34(3‐4), pages 495-504, April.
    • Handle: RePEc:bla:jbfnac:v:34:y:2007:i:3-4:p:495-504
    DOI: 10.1111/j.1468-5957.2007.02046.x
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    References listed on IDEAS

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    1. Phillip McKnight & Anthony Lowrie & Chris Coles, 2002. "Investor Reactions, Social Implications and Layoff Announcements in the UK: A Comparison between Periods," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 6(1), pages 83-100, March.
    2. Marta Ballesta & Joshua Livnat & Nishi Sinha, 1999. "Corporate Reorganizations: Changes in the Intensity of Labor and Capital Expenditures," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 26(9‐10), pages 1205-1238, November.
    3. Brickley, James A. & Van Drunen, Leonard D., 1990. "Internal corporate restructuring : An empirical analysis," Journal of Accounting and Economics, Elsevier, vol. 12(1-3), pages 251-280, January.
    4. Tod Perry & Anil Shivdasani, 2005. "Do Boards Affect Performance? Evidence from Corporate Restructuring," The Journal of Business, University of Chicago Press, vol. 78(4), pages 1403-1432, July.
    5. Fayez A. Elayan & George S. Swales & Brian A. Maris & James R. Scott, 1998. "Market Reactions, Characteristics, and the Effectiveness of Corporate Layoffs," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 25(3‐4), pages 329-351, April.
    6. Hirsch, Barry T, 1991. "Union Coverage and Profitability among U.S. Firms," The Review of Economics and Statistics, MIT Press, vol. 73(1), pages 69-77, February.
    7. Alfred Yawson, 2006. "Evaluating the Characteristics of Corporate Boards Associated with Layoff Decisions," Corporate Governance: An International Review, Wiley Blackwell, vol. 14(2), pages 75-84, March.
    8. Marta Ballesta & Joshua Livnat & Nishi Sinha, 1999. "Corporate Reorganizations: Changes in the Intensity of Labor and Capital Expenditures," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 26(9-10), pages 1205-1238.
    9. Dedman, Elisabeth & Lin, Stephen W. -J., 2002. "Shareholder wealth effects of CEO departures: evidence from the UK," Journal of Corporate Finance, Elsevier, vol. 8(1), pages 81-104, January.
    10. Fayez A. Elayan & George S. Swales & Brian A. Maris & James R. Scott, 1998. "Market Reactions, Characteristics, and the Effectiveness of Corporate Layoffs," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 25(3&4), pages 329-351.
    11. E. Geoffrey Love & Nitin Nohria, 2005. "Reducing slack: the performance consequences of downsizing by large industrial firms, 1977–93," Strategic Management Journal, Wiley Blackwell, vol. 26(12), pages 1087-1108, December.
    12. Nick Collett, 2002. "Reactions of the International Stock Exchange to Company Employment Announcements: Redundancies and New Jobs," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 29(9‐10), pages 1181-1208.
    13. Chen, Peter & Mehrotra, Vikas & Sivakumar, Ranjini & Yu, Wayne W., 2001. "Layoffs, shareholders' wealth, and corporate performance," Journal of Empirical Finance, Elsevier, vol. 8(2), pages 171-199, May.
    14. Oded Palmon & Huey-Lian Sun & Alex P. Tang, 1997. "Layoff Announcements: Stock Market Impact and Financial Performance," Financial Management, Financial Management Association, vol. 26(3), Fall.
    15. Ofek, Eli, 1993. "Capital structure and firm response to poor performance: An empirical analysis," Journal of Financial Economics, Elsevier, vol. 34(1), pages 3-30, August.
    16. Richard W. Pouder & Hugh D. Hindman & R. Stephen Cantrell, 2004. "How Unions Affect Shareholder Wealth in Firms Announcing Layoffs," Journal of Labor Research, Transaction Publishers, vol. 25(3), pages 495-502, July.
    17. Nick Collett, 2002. "Reactions of the International Stock Exchange to Company Employment Announcements: Redundancies and New Jobs," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 29(9&10), pages 1181-1208.
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