US EditionMedia Reactions to Family Firms’ Downsizing and Upsizing Decisions
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Media Reactions to Family Firms’ Downsizing and Upsizing Decisions
Abstract The media is an important stakeholder when firms announce restructuring decisions. We argue that journalists’ reactions vary depending on what is associated with family firms and non-family firms in terms of employment practices and whether it is a negative or a positive restructuring (downsizing vs. upsizing). Both types of restructuring may create a cognitive dissonance with the family firm image. Empirically, we analyze the media rea…
·Charlottesville, United States
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