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Article: Are market perceptions of corporate layoffs changing?

TitleAre market perceptions of corporate layoffs changing?
Authors
Issue Date1995
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ecolet
Citation
Economics Letters, 1995, v. 47 n. 3-4, p. 335-342 How to Cite?
AbstractWe examine the response of stock returns to corporate layoff announcements for the 12-year period from 1981 to 1992. The results indicate a dramatic shift in the investors' perception of initiatives to reduce the number of employees. While there were negative abnormal returns associated with the announcements during the recessionary and boom periods of the 1980s, there are positive abnormal returns associated with the announcements in the early 1990s. This evidence suggests that important structural changes in the U.S. labor market may be underway. © 1995.
Persistent Identifierhttp://hdl.handle.net/10722/177729
ISSN
2015 Impact Factor: 0.603
2015 SCImago Journal Rankings: 0.612
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorChatrath, Aen_US
dc.contributor.authorRamchander, Sen_US
dc.contributor.authorSong, Fen_US
dc.date.accessioned2012-12-19T09:39:43Z-
dc.date.available2012-12-19T09:39:43Z-
dc.date.issued1995en_US
dc.identifier.citationEconomics Letters, 1995, v. 47 n. 3-4, p. 335-342en_US
dc.identifier.issn0165-1765en_US
dc.identifier.urihttp://hdl.handle.net/10722/177729-
dc.description.abstractWe examine the response of stock returns to corporate layoff announcements for the 12-year period from 1981 to 1992. The results indicate a dramatic shift in the investors' perception of initiatives to reduce the number of employees. While there were negative abnormal returns associated with the announcements during the recessionary and boom periods of the 1980s, there are positive abnormal returns associated with the announcements in the early 1990s. This evidence suggests that important structural changes in the U.S. labor market may be underway. © 1995.en_US
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ecoleten_US
dc.relation.ispartofEconomics Lettersen_US
dc.titleAre market perceptions of corporate layoffs changing?en_US
dc.typeArticleen_US
dc.identifier.emailSong, F: fmsong@hkucc.hku.hken_US
dc.identifier.authoritySong, F=rp01095en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/0165-1765(94)00543-B-
dc.identifier.scopuseid_2-s2.0-21844518376en_US
dc.identifier.volume47en_US
dc.identifier.issue3-4en_US
dc.identifier.spage335en_US
dc.identifier.epage342en_US
dc.identifier.isiWOS:A1995QN64400016-
dc.publisher.placeNetherlandsen_US
dc.identifier.scopusauthoridChatrath, A=6701310668en_US
dc.identifier.scopusauthoridRamchander, S=6603648934en_US
dc.identifier.scopusauthoridSong, F=7203075605en_US

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