Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10011546851
We investigate the impact of mass layoff announcements on the equity value of industry rivals. When a layoff announcement conveys good (bad) news for the announcer, rivals on average witness a 0.44 percent increase (0.60 percent decrease) in cumulative abnormal stock returns. This effect is...
Persistent link: https://www.econbiz.de/10011900749