What question did this study set out to answer?

To investigate the strategic implications of layoffs on stockholder wealth and financial performance.

September 1, 1991

Research Notes. Layoff Announcements and Stockholder Wealth.

Key Points

To investigate the strategic implications of layoffs on stockholder wealth and financial performance.
Analyzed financial data and stockholder responses to layoff announcements.
Evaluated changes in stockholder wealth pre- and post-layoff announcements.
Layoff announcements negatively affected stockholder wealth immediately after the news broke.
Long-term analysis showed a gradual recovery in stockholder wealth over six months.

Abstract

Researchers have largely ignored the strategic implications of layoffs. With the passage of the Worker Adjustment and Retraining Notification Act, many managers are anguishing about the consequence...

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Cite This Study

Worrell et al. (Sun,) studied this question.

synapsesocial.com/papers/6a09ba9ec2775acaef511b70 https://doi.org/https://doi.org/10.2307/256410

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