This paper examines how family firm CEO type—that is, whether the CEO of a family firm is the founder, an heir, or a professional (outside) executive—influences downsizing decisions, and the moderating effects of firm name, geographical location, and financial crises on the relationship...

This article studies the relationship between corporate downsizing and family ownership. Through the lens of socioemotional wealth theory, we hypothesise that family firms downsize less than their non-family counterparts as they identify more with their firms, care about reputational damage, and...

This study explores the downsizing propensity of family and non-family firms by considering their territorial embeddedness during both periods of economic stability and financial crisis. By drawing on a panel dataset of Spanish manufacturing firms for the period 2002-2015, we show that, all...

Existing literature has primarily identified financial and/or strategic considerations as drivers of international downsizing decisions. A subsidiary's performance seems to have a superior meaning among those considerations. Cultural distance is also an important factor, although its influence...

Encouraged by the forbearance of creditors and exit barriers (e.g., inefficient insolvency regimes), the zombie phenomenon has weakened business dynamism and, as a consequence, has slowed economic growth in most economies in recent decades. In this paper, we examine the recovery and exit of...

We study social reactions to job destructions on Twitter. We use information on large-scale restructuring events announced in the United Kingdom over the period 2013-2018. We match it with data collected on Twitter regarding the number and sentiments of the tweets posted around the time of the...

This paper provides the first causal evidence on the impact of retirement on housing choices. Our empirical strategy exploits the discontinuity in the eligibility ages for state pension as an instrument for the endogenous retirement decision and controls for time-invariant individual...

"This incisive guide showcases contemporary downsizing scholarship and practice, examining downsizing effects on firm performance and employee attitudes and behaviors. It presents historical analyses and comprehensive literature reviews, as well as empirical and theoretical assessments of...

In this chapter, we delve into the effect of downsizing and employees’ psychological contracts. We begin by offering the theoretical underpinnings and existing research on psychological contracts in the context of downsizing. Given the limited research on the topic, we analyze the multifaceted...

This chapter draws attention to the linchpin role of managers in downsizing. It reviews research regarding the factors that influence when, how, and why managers enact justice during challenging organizational events such as layoffs. The focus of the review is on interactional justice, yet its...

This chapter is a longitudinal study of a major U.S. military downsizing, restructuring, and closure process in the U.S. Department of Defense, which began on July 13, 1995, when President William J. Clinton sent the BRAC ’95 Order to the U.S. Congress. Included on the list was the San Antonio...

This chapter explores the relationship between employee downsizing and an organization's digital shift relative to its post-downsizing performance. While existing literature acknowledges the importance of timing for downsizing success, our study focuses on the timing of downsizing as contingent...

Downsizing, the intentional employment reductions firms undertake to enhance their performance, remains a significant management issue and a persistent practice that regularly makes headlines. With an accumulation of four decades of research, and 15 years since the publication of the most...

Using a proprietary dataset, we study whether CEO political ideology affected how S&P 500 firms reacted to the Covid-19 pandemic. We hypothesize that conservative CEOs are more likely to downsize their workforce while meeting dividend expectations. Conversely, other CEOs should be less likely to...

We study whether CEO political ideology affected how S&P 500 firms reacted to the Covid-19 pandemic, an exogenous shock to demand and supply. We hypothesize that conservative CEOs are more likely to adopt shareholder-friendly than employee-friendly reactions to the pandemic. Hence, they should...

At the onset of the COVID pandemic, the U.S. economy suddenly and swiftly lost 20 million jobs. Over the next two years, the economy has been on the recovery path. We assess the labor market two years into the COVID crisis. We show that early employment dynamics were almost entirely driven by...

We combine census and establishment-level data for 2001–2017 to study the impact of mass layoffs of big manufacturing plants on city-level population and its composition in Canada. We find that manufacturing plant closures and downsizing leadto a decline in subsequent population growth,...

Individual preferences for 'ageing in place' (AIP) in old age are not well understood. One way to test the strength of AIP preference is to investigate the effect of health shocks on residential mobility to smaller size or value dwellings, which we refer to as 'housing downsizing'. This paper...

Individual preferences for 'ageing in place' (AIP) in old age are not well understood. One way to test the strength of AIP preference is to investigate the effect of health shocks on residential mobility to smaller size or value dwellings, which we refer to as 'housing downsizing'. This paper...

I examine changes in the incidence and consequences of job loss between 1981 and 2001 using data from the Displaced Workers Surveys (DWS) from 1984-2002. The overall rate of job loss has a strong counter-cyclical component, but the job loss rate was higher than might have been expected during...

Individual preferences for 'ageing in place' (AIP) in old age are not well understood. One way to test the strength of AIP preference is to investigate the effect of health shocks on residential mobility to smaller size or value dwellings, which we refer to as 'housing downsizing'. This paper...

We analyze whether employees with diagnosed mental health disorders have a higher probability of being laid off during corporate downsizing. Our analysis is based on nationwide administrative data on all private sector firms and their employees in Finland over the period 2005-2017. We focus on...

This is the definition of ‘Consumer Downsizing’ in the book ‘Elgar Encyclopedia of Consumer Behavior’. Modern commercial landscapes are characterized by rapidly evolving markets, and this authoritative Encyclopedia acts as an essential navigational guide to such changeable consumer...