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Why Do Stock Prices Decline In Response To Employee Layoffs? Uk Evidence From The 2008 Global Financial Crisis

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  • Andrew Marshall
  • Patrick McColgan
  • Susan McLeish

Abstract

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Suggested Citation

  • Andrew Marshall & Patrick McColgan & Susan McLeish, 2012. "Why Do Stock Prices Decline In Response To Employee Layoffs? Uk Evidence From The 2008 Global Financial Crisis," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 35(3), pages 375-396, September.
  • Handle: RePEc:bla:jfnres:v:35:y:2012:i:3:p:375-396
    DOI: j.1475-6803.2012.01321.x
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    Cited by:

    1. E. James Cowan & Karen C. Denning & Anne Anderson & Xiaohui Yang, 2018. "Divergent Market Responses to Human Capital Reorganizations," Business and Economic Research, Macrothink Institute, vol. 8(1), pages 212-243, March.
    2. Mariano González-Sánchez & Eva M. Ibáñez Jiménez & Ana I. Segovia San Juan, 2021. "Board of Directors’ Remuneration, Employee Costs, and Layoffs: Evidence from Spain," Sustainability, MDPI, vol. 13(14), pages 1-10, July.
    3. Atkins, Ryan & Favreau, Charles, 2022. "The effects of layoffs and plant closings on manufacturers’ market value," International Journal of Production Economics, Elsevier, vol. 245(C).
    4. Santiago Velásquez & Juho Kanniainen & Saku Mäkinen & Jaakko Valli, 2018. "Layoff announcements and intra-day market reactions," Review of Managerial Science, Springer, vol. 12(1), pages 203-228, January.
    5. Finlay, William & Marshall, Andrew & McColgan, Patrick, 2018. "Financing, fire sales, and the stockholder wealth effects of asset divestiture announcements," Journal of Corporate Finance, Elsevier, vol. 50(C), pages 323-348.
    6. Anne Anderson & E. James Cowan & Karen C. Denning, 2015. "Human Capital Reorganizations and Market Performance: U.S. Firms," Business and Economic Research, Macrothink Institute, vol. 5(2), pages 97-121, December.

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