Corporate Downsizing to Rebuild Team Spirit
We propose a new theory for downsizing, based on strategic reasons, rather than technological ones. A crisis may lead to a decrease in the willingness to cooperate in an organization, and therefore to a bad equilibrium. A consensual downsizing episode may signal credibly that survivors are willing to cooperate, and thus, it may be optimal and efficiency-enhancing, as the empirical evidence suggests. A variation of the same mechanism leads to "efficient" upsizing.
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Other publications TiSEM
bd598a8f-f017-4cab-a9ed-8, Tilburg University, School of Economics and Management.
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Levine's Working Paper Archive
378, David K. Levine.
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