Downsizing and firm performance: evidence from German firm data
利用独特数据集研究德国大企业裁员的短期效果，发现裁员后生产率和盈利能力最多与裁员前持平，裁员期间甚至下降；旨在提高效率的裁员尤其不成功。
This article uses a unique data set to study the short-term effects of downsizing on operational and financial performance of large German firms. In general, productivity and profitability after downsizing are—at the best—comparable to their pre-downsizing levels. During the downsizing event, the performance even drops. Moreover, we make a distinction between firms downsizing because of a business downturn and firms downsizing to increase efficiency. Especially downsizing for the latter firms appears to be unsuccessful.