Workforce reduction and firm performance: evidence from french firm data (1994-2000) - Paris-Jourdan Sciences Économiques Access content directly
Journal Articles Socio-Economic Review Year : 2012

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

Bénédicte Reynaud

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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Dates and versions

hal-00813146 , version 1 (15-04-2013)

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