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Informationen zum Autor Matthew B. Krepps, Amy Bertin Candell Klappentext Where does corporate "fat" accumulate and how is it eliminated in response to competitive forces? This study finds that increases in industry-level import competition and merger activity! as well as declines in industry-level demand! explain layoffs and plant closures by inefficient firms. Downsizing in response to these competitive threats is often undertaken in a suboptimal fashion. Managers announce layoffs in spite of their convictions that such behavior undermines productivity. Further! managers close plants that are not among the most inefficient in their industry. The authors conclude that these puzzling managerial actions! though ostensibly inefficient! are perfectly consistent with profit-maximizing behavior. Zusammenfassung First published in 1997. The primary focus of the book is an inquiry into the behavior of firms in response to competitive forces. The studies in this book investigate the genesis and exodus of industrial inefficiency by analyzing where corporate fat accumulates and how it is eliminated in response to competitive forces. Inhaltsverzeichnis Chapter 1 Introduction 3 Chapter 2 Fat: The Displacement of Nonproduction Workers from U.S. Manufacturing Industries Chapter 3 Incomplete Contracting and Costly Disclosure: A Study of Strategic Preannouncements of Layoffs Chapter 4 Technological and Organizational Factors in Productivity and the Plant Closure Decision: Evidence from the Blast Furnace Industry
