Brauer, Matthias; Vandepoele, Louis - In: Journal of Management Studies 61 (2023) 8, pp. 3684-3716
‐term stock returns around downsizing announcements. Impression management theory suggests that downsizing firms thus attempt to … offset investors’ negative impressions by issuing positive news around downsizing announcements, and that firms’ impression … and how impression offsetting positively biases investor perceptions. Prior work theorized that impression offsetting is …