SSRN-How Do Shareholders Respond to Downsizing? A Meta-Analysis by Gunther Capelle-Blancard, Nicolas Couderc

May try to comment on this one in a bit, but a friend sent it to me and it is an interesting look at whether downsizing is bad or not. The authors find there to be a negative reaction to the news. Why? Most likely because it signals that conditions within the firm are not very good.SSRN-How Do Shareholders Respond to Downsizing? A Meta-Analysis by Gunther Capelle-Blancard, Nicolas Couderc: "..