This paper examines the connection between layoffs, executive pay, and stock prices. Firms that announce layoffs in the previous year pay their CEOs more, and give their CEOs larger percentage raises than firms which do not have at least one layoff announcement in the previous year. However, the likelihood of announcing a layoff varies dramatically along with other dimensions, for example firm size, which are also correlated with CEO pay. Once firm-specific fixed effects are controlled for, the CEO pay premium for laying off workers disappears. In addition, there is a small negative share price reaction to layoff announcements
The first chapter presents evidence showing that layoff announcements mostly contain medium and long...
This paper examines the relationship between performance and top executive turnovers using a sample ...
We examine the financial performance of UK listed companies surrounding the announcement of permanen...
This paper examines the connection between layoffs, executive pay, and stock prices. Firms that anno...
This paper examines the connection between layoffs, executive pay, and stock prices. Firms that anno...
Whether CEO pay is linked with job loss or mass layoffs is not really a new question. The study that...
I investigate the relation between CEO equity compensation and employee layoffs. In particular, this...
Executives, boards of directors, and compensation consultants actively use peer comparisons for cons...
Mass layoffs have become an all too familiar occurrence in the United States; statistics indicate th...
OBJECTIVES OF THE STUDY Layoffs have been widely discussed in the existing literature of economics a...
In response to increasing competitive pressures, managers are more than ever before looking at how t...
We investigate the relationship between layoff announcements and CEO turnover over a 31-year period....
This paper analyzes the accounting choices of firms in periods surrounding large work-force reductio...
Purpose - The authors study stock and option grants around abrupt performance declines for continuin...
Two hypotheses are considered to explain employee layoffs by corporations: (1) the declining investm...
The first chapter presents evidence showing that layoff announcements mostly contain medium and long...
This paper examines the relationship between performance and top executive turnovers using a sample ...
We examine the financial performance of UK listed companies surrounding the announcement of permanen...
This paper examines the connection between layoffs, executive pay, and stock prices. Firms that anno...
This paper examines the connection between layoffs, executive pay, and stock prices. Firms that anno...
Whether CEO pay is linked with job loss or mass layoffs is not really a new question. The study that...
I investigate the relation between CEO equity compensation and employee layoffs. In particular, this...
Executives, boards of directors, and compensation consultants actively use peer comparisons for cons...
Mass layoffs have become an all too familiar occurrence in the United States; statistics indicate th...
OBJECTIVES OF THE STUDY Layoffs have been widely discussed in the existing literature of economics a...
In response to increasing competitive pressures, managers are more than ever before looking at how t...
We investigate the relationship between layoff announcements and CEO turnover over a 31-year period....
This paper analyzes the accounting choices of firms in periods surrounding large work-force reductio...
Purpose - The authors study stock and option grants around abrupt performance declines for continuin...
Two hypotheses are considered to explain employee layoffs by corporations: (1) the declining investm...
The first chapter presents evidence showing that layoff announcements mostly contain medium and long...
This paper examines the relationship between performance and top executive turnovers using a sample ...
We examine the financial performance of UK listed companies surrounding the announcement of permanen...