Marques, Tania; Gonzalez, Isabel Suarez; Cruz, Pedro; … - In: International Journal of Business and Economics 10 (2011) 1, pp. 13-26
Although firms may resort to downsizing strategies to improve financial performance, the actual outcome of downsizing is inconclusive. Testing a sample of 1,357 Portuguese firms, we conclude that firms that downsize tend to continue to underperform compared to those that do not downsize.