کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5079524 | 1477544 | 2015 | 14 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
The antecedents and consequences of plant closing announcements
ترجمه فارسی عنوان
پیش از آن و عواقب اعلامیه های بسته شدن کارخانه
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کلمات کلیدی
امکانات برنامه ریزی، بستن کارخانه، تجزیه و تحلیل رگرسیون،
موضوعات مرتبط
مهندسی و علوم پایه
سایر رشته های مهندسی
مهندسی صنعتی و تولید
چکیده انگلیسی
Plant closure marks an important episode in the life of a firm. We investigate 222 plant closing announcements spanning a period of seven years, to identify antecedents and consequences of plant closures, as reflected by financial measures of operating performance available on COMPUSTAT. We find that a firm׳s decision to close a plant hinges on dynamics in industry performance and on firm׳s size and age of capital. We provide new evidence that large firms start closing plants first, while small firms resist longer and experience median control-adjusted decreases in sales and return on assets of 8.24% and 12.96%, respectively, over the last two years prior to closure. We find that, relative to a benchmark of industry peers, recovery after closure is generally slow, suggesting that sample firms may be faced with deeper problems that have not been fully addressed by the decision to close a plant.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Production Economics - Volume 168, October 2015, Pages 197-210
Journal: International Journal of Production Economics - Volume 168, October 2015, Pages 197-210
نویسندگان
Bogdan Bichescu, Amitabh Raturi,