Downsizing in privatized firms in Russia, Ukraine, and Belarus

• 成果类型: Article
• 署名作者: Filatotchev, I; Buck, T; Zhukov, V
• 署名单位: University of London; Birkbeck University London; De Montfort University
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/1556396
• 发表日期: 2000
• 页码: 286-304
• 关键词: ORGANIZATIONAL DECLINE; empirical-analysis; PERFORMANCE RELATIONSHIP; corporate governance; STRATEGIC CHANGE; OWNERSHIP; MARKET; diversification; management; Retrenchment

摘要

Combining an agency perspective and downsizing research, in this study we examined two influences on employment-downsizing strategies in privatized firms in Russia, Belarus, and Ukraine: corporate governance and institutional change initiated by business crisis, in turn attributable to industry and country factors. In line with theoretical predictions, the study shows that downsizing is strongly influenced by industry-specific factors, and it is positively associated with outside, noninstitutional shareholding. However, a firm's ability to downsize is negatively associated with the extent of managerial shareholding, a finding consistent with managerial entrenchment.