Belatedly - the data comes from 1990-94, and shows a significant negative stock price reaction to layoff announcements, which is highly counterintuitive, and not what Michael expected.
Doug On May 21, 2007, at 6:49 PM, Daniel Davies wrote:
this one? http://links.jstor.org/sici?sici=0143-2095(199712)18%3A11%3C879% 3AACAOLA%3E2 .0.CO%3B2-N -----Original Message----- From: PEN-L list [mailto:[EMAIL PROTECTED] Behalf Of Michael Perelman Sent: 21 May 2007 23:10 To: [email protected] Subject: research help, please I recently saw a study relating stock price increases and layoff announcements. I lost the reference. Any help would be appreciated. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
