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- Publisher Website: 10.1016/0165-1765(94)00543-B
- Scopus: eid_2-s2.0-21844518376
- WOS: WOS:A1995QN64400016
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Article: Are market perceptions of corporate layoffs changing?
| Title | Are market perceptions of corporate layoffs changing? |
|---|---|
| Authors | |
| Issue Date | 1995 |
| Publisher | Elsevier 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? |
| Abstract | We 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 Identifier | http://hdl.handle.net/10722/177729 |
| ISSN | 2023 Impact Factor: 2.1 2023 SCImago Journal Rankings: 0.729 |
| ISI Accession Number ID |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Chatrath, A | en_US |
| dc.contributor.author | Ramchander, S | en_US |
| dc.contributor.author | Song, F | en_US |
| dc.date.accessioned | 2012-12-19T09:39:43Z | - |
| dc.date.available | 2012-12-19T09:39:43Z | - |
| dc.date.issued | 1995 | en_US |
| dc.identifier.citation | Economics Letters, 1995, v. 47 n. 3-4, p. 335-342 | en_US |
| dc.identifier.issn | 0165-1765 | en_US |
| dc.identifier.uri | http://hdl.handle.net/10722/177729 | - |
| dc.description.abstract | We 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.language | eng | en_US |
| dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/ecolet | en_US |
| dc.relation.ispartof | Economics Letters | en_US |
| dc.title | Are market perceptions of corporate layoffs changing? | en_US |
| dc.type | Article | en_US |
| dc.identifier.email | Song, F: fmsong@hkucc.hku.hk | en_US |
| dc.identifier.authority | Song, F=rp01095 | en_US |
| dc.description.nature | link_to_subscribed_fulltext | en_US |
| dc.identifier.doi | 10.1016/0165-1765(94)00543-B | - |
| dc.identifier.scopus | eid_2-s2.0-21844518376 | en_US |
| dc.identifier.volume | 47 | en_US |
| dc.identifier.issue | 3-4 | en_US |
| dc.identifier.spage | 335 | en_US |
| dc.identifier.epage | 342 | en_US |
| dc.identifier.isi | WOS:A1995QN64400016 | - |
| dc.publisher.place | Netherlands | en_US |
| dc.identifier.scopusauthorid | Chatrath, A=6701310668 | en_US |
| dc.identifier.scopusauthorid | Ramchander, S=6603648934 | en_US |
| dc.identifier.scopusauthorid | Song, F=7203075605 | en_US |
| dc.identifier.issnl | 0165-1765 | - |