Capital market behavior and operational announcements of layoffs, operation closings, and pay cuts

Ji Chai Lin, Michael S. Rozeff

研究成果: 雜誌貢獻期刊論文同行評審

31 引文 斯高帕斯(Scopus)

摘要

This article examines the relation between stock returns and a set of operating decisions: layoffs, operation closings, and pay cuts. We find evidence that cost-cutting measures occur after significant stock price declines. Announcements of layoffs and temporary operation closings are associated with negative returns, while permanent operation closings do not have significant announcement effects.

原文???core.languages.en_GB???
頁(從 - 到)29-45
頁數17
期刊Review of Quantitative Finance and Accounting
3
發行號1
DOIs
出版狀態已出版 - 3月 1993

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