A Transaction Cost Analysis of Restructuring Alternatives.
Advances in Competitiveness Research 2007, Annual, 15, 1-2
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Publisher Description
ABSTRACT This study extends the transaction cost economics (TCE) rationale to a firm's choice of two restructuring alternatives--selling off assets and laying off employees. It hypothesizes that a firm's preference between sell-off and layoff depends on the underlying transaction costs, which in turn are contingent on the relative specificity of physical and human assets. The findings of this study empirically support the hypotheses, and emphasize the importance of relative asset specificity, unlike many TCE studies.
GENRE
Business & Personal Finance
RELEASED
2007
January 1
LANGUAGE
EN
English
LENGTH
31
Pages
PUBLISHER
American Society for Competitiveness
SELLER
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
291.8
KB
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