Downsizing and firm performance: evidence from German firm data

被引：11
|
作者：
Goesaert, Tim [1 ]
Heinz, Matthias [2 ]
Vanormelingen, Stijn aEuro [1 ]
机构：
[1] Katholieke Univ Leuven, Fac Econ & Business, B-3000 Louvain, Belgium
[2] Univ Cologne, D-50923 Cologne, Germany
来源：
INDUSTRIAL AND CORPORATE CHANGE | 2015年 / 24卷 / 06期
关键词：
ENVIRONMENTAL VARIABLES; FINANCIAL PERFORMANCE; PRODUCTIVITY GROWTH; JOB LOSS; US; DYNAMICS; IMPACT; EARNINGS; INDUSTRY; WORKERS;
D O I：
10.1093/icc/dtv007
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This article uses a unique data set to study the short-term effects of downsizing on operational and financial performance of large German firms. In general, productivity and profitability after downsizing are-at the best-comparable to their pre-downsizing levels. During the downsizing event, the performance even drops. Moreover, we make a distinction between firms downsizing because of a business downturn and firms downsizing to increase efficiency. Especially downsizing for the latter firms appears to be unsuccessful.
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页码：1443 / 1472
页数：30
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