Workforce reduction and firm performance: evidence from french firm data (1994-2000)

Benedicte Reynaud

Post-Print from HAL

Abstract: Using a large annual database of French firms (1994-2000), this article examines the determinants of workforce reductions in publicly listed and non-listed companies and their consequences on firm performance. First, workforce reduction appears to be a defensive response to adverse economic shocks. However, publicly listed firms anticipate better than do unlisted companies the decision to cut jobs. Second, a difference-in-differences model indicates that there has been a very small but significant improvement in the major performance indicators for the non-listed companies. For listed companies, the corresponding estimates are not significant.

Keywords: Workforce reduction; Layoffs; Financial performance; Return on equity; Selection bias (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Published in Socio-Economic Review, 2012, ⟨10.1093/ser/mws017⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:hal:journl:hal-00813146

DOI: 10.1093/ser/mws017

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().