We study the reaction of stock prices to announcements of reductions in force (RIFs) using a sample of nearly 3878 such announcements in 1176 large firms during the 1970-97 period collected from the Wall Street Journal Index. We note that, although there has been a dramatic secular increase in...

We study the reaction of stock prices to announcements of reductions in force (RIFs) using a sample of nearly 3878 such announcements in 1176 large firms during the 1970-97 period collected from the Wall Street Journal Index. We note that, although there has been a dramatic secular increase in...

"Common sense, economics and "HR": how to pay Billions of people throughout the world are paid for their work. This book was written to demonstrate why they earn what they earn and, in doing so, to help them understand how they can earn more in the short-run and even more in the longer-run....