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

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.
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https://hal-pjse.archives-ouvertes.fr/hal-00813146
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Submitted on : Monday, April 15, 2013 - 10:36:47 AM
Last modification on : Tuesday, April 24, 2018 - 5:20:14 PM

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Bénédicte Reynaud. Workforce reduction and firm performance: evidence from french firm data (1994-2000). Socio-Economic Review, Oxford University Press (OUP), 2012, ⟨10.1093/ser/mws017⟩. ⟨hal-00813146⟩

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