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S/F/290. Dissertation. Stock market reactions to layoff announcements in UK over 2007-2009

WORDS:
16300
DATE:
2011
PRICE:
169.99 GBP

The dissertation examines the relationship between the reactions of the stock market or company share prices and companies’ announcements of reduction in the workforce (layoff announcements) in the UK during 2007-2009. Literature is reviewed on the nature and characteristics of layoff announcements (LA) and theoretical underpinnings of market reactions to LA, i.e. the efficient market hypothesis (EMH), agency theory, psychological contract theory, etc. The methodology of the research is based on secondary data analysis including the methods of event study, market model and market-adjusted return model. Conclusions are made about the reasons why layoff announcements influence the behaviour of the capital market.

 

KEYWORDS: Dissertation, stock market reactions, share prices, layoff announcements,

 
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