The Effect of Advance Notice of Plant Closings on Firm Value
研究了工厂关闭提前通知时长对公司价值的影响，发现更长的通知期会显著降低公司价值。
The issue of workers displaced because of plant closings gained prominence in the 1980’S because of their growing numbers. With the increased attention focused on plant closings, the topic of advance notice has also gained prominence. This paper examines the issue of advance notice for plant closings and its effect on firm value. The findings of this study indicate that longer periods of advance notice have significant negative effects on firm value.