Universität zu Köln

Goesaert, Tim, Heinz, Matthias ORCID: 0000-0001-9635-1160 and Vanormelingen, Stijn ORCID: 0000-0002-5784-9713 (2015). Downsizing and firm performance: evidence from German firm data. Ind. Corp. Change, 24 (6). S. 1443 - 1473. OXFORD: OXFORD UNIV PRESS. ISSN 1464-3650

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Abstract

This article uses a unique data set to study the short-term effects of downsizing on operational and financial performance of large German firms. In general, productivity and profitability after downsizing are-at the best-comparable to their pre-downsizing levels. During the downsizing event, the performance even drops. Moreover, we make a distinction between firms downsizing because of a business downturn and firms downsizing to increase efficiency. Especially downsizing for the latter firms appears to be unsuccessful.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Goesaert, Tim UNSPECIFIED UNSPECIFIED UNSPECIFIED Heinz, Matthias UNSPECIFIED orcid.org/0000-0001-9635-1160 UNSPECIFIED Vanormelingen, Stijn UNSPECIFIED orcid.org/0000-0002-5784-9713 UNSPECIFIED
URN:	urn:nbn:de:hbz:38-386009
DOI:	10.1093/icc/dtv007
Journal or Publication Title:	Ind. Corp. Change
Volume:	24
Number:	6
Page Range:	S. 1443 - 1473
Date:	2015
Publisher:	OXFORD UNIV PRESS
Place of Publication:	OXFORD
ISSN:	1464-3650
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Center of Excellence C-SEB Faculty of Management, Economics and Social Sciences > Economics > Microeconomics, Institutions and markets > Reinhard Selten Institute
Subjects:	Economics
Uncontrolled Keywords:	Keywords Language ENVIRONMENTAL VARIABLES; FINANCIAL PERFORMANCE; PRODUCTIVITY GROWTH; JOB LOSS; US; DYNAMICS; IMPACT; EARNINGS; INDUSTRY; WORKERS Multiple languages Business; Economics; Management Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/38600