Ownership Traits and Downsizing Behaviour: Evidence for the Largest Spanish Firms, 1990—1998
| Autor: | José David Vicente-Lorente, Isabel Suárez-González |
|---|---|
| Rok vydání: | 2007 |
| Předmět: |
Organizational Behavior and Human Resource Management
050208 finance business.industry Strategy and Management 05 social sciences Explanatory model Probit Accounting Short termism Conceptual basis Management of Technology and Innovation 0502 economics and business Demographic economics business 050203 business & management Stock (geology) |
| Zdroj: | Organization Studies. 28:1613-1638 |
| ISSN: | 1741-3044 0170-8406 |
| DOI: | 10.1177/0170840607076591 |
| Popis: | This paper explores and tests the differences in downsizing behaviour depending upon three ownership-based traits of the largest Spanish companies: stock versus privately held corporations, foreign versus domestic firms and state-owned versus private companies. From a theoretical standpoint, we develop an explanatory model of downsizing that accounts for techno-economic, institutional, and socio-cognitive explanations which serves as a conceptual basis for generating hypotheses on the role of ownership in downsizing decisions. Probit estimates using a sample of large Spanish firms (1990—1998) confirm that stock corporations and state-owned firms engaged in a privatization process are more likely to downsize than privately held domestic companies. We found less conclusive results about the downsizing behaviour of foreign firms. Finally, our findings corroborate the relevance of organizational decline and institutional factors for predicting the downsizing event. |
| Databáze: | OpenAIRE |
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