What drives Korean firms to downsize under the global financial crisis?

Byoung-Hoon Lee and Jung-Min Nam

Asia Pacific Business Review, 2013, vol. 19, issue 2, 171-185

Abstract: Drawing upon the Korea Workplace Panel Survey (KWPS) data, this study examines how Korean firms responded to the global financial crisis (GFC), and in particular, what factors induced Korean firms to adopt downsizing actions. Analysis reveals that Korean firms are driven to implement downsizing due to experience with prior episodes of redundancy action, rather than due to economic considerations of business difficulties. The institutionalized norm of downsizing in the common cognitive mode of management was found to be an unstable entity influenced by the social pressure of public opinion, and particularly challenged by the oppositional force of the anti-downsizing point of view.

Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/13602381.2013.767634 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:apbizr:v:19:y:2013:i:2:p:171-185

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/FAPB20

DOI: 10.1080/13602381.2013.767634

Access Statistics for this article

Asia Pacific Business Review is currently edited by Professor Chris Rowley and Malcolm Warner

More articles in Asia Pacific Business Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().