Title: Downsizing and firm performance: evidence from German firm data
Authors: Goesaert, Tim *
Heinz, Matthias *
Vanormelingen, Stijn * # ×
Issue Date: Dec-2015
Publisher: Oxford University Press
Series Title: Industrial and Corporate Change vol:24 issue:6 pages:1443-1472
Abstract: This paper uses a unique dataset 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.
ISSN: 0960-6491
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Centre for Globalization, Innovation and Competition, Campus Brussels (-)
LICOS - Centre for Institutions and Economic Performance, Leuven
Faculty of Economics and Business (FEB) - miscellaneous
Department of ECON-CEDON, Campus Brussels
* (joint) first author
× corresponding author
# (joint) last author

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