| Titre : | Management-to-staff ratio and a firm's exit |
| Auteurs : | Nicolae STEF, Auteur ; Emmanuel ZENOU, Auteur |
| Type de document : | Article |
| Année de publication : | 2020 |
| Importance matérielle : | 8 p. |
| Langues: | Anglais |
| Sources : | Journal of Business Research |
| Mots-clés : |
[Aciège 2017] MANAGEMENT [Aciège 2017] LIQUIDITE |
| Résumé : | We investigate the predictive ability of the management-to-staff ratio for the arbitration between liquidation and voluntary dissolution. Using a sample of 697 French firms covering the period from 2011 to 2017, our hazard model shows that firms with more managerial staff tend to have a lower probability of exiting through liquidation rather than through voluntary dissolution. Compared to liquidation, voluntary dissolution not only provides the opportunity to organize the liquidation of a firm's remaining assets, but it also better preserves managers’ reputation. |
| Volume : | 125 |
| Pagination : | pp. 252-260 |
| Date : | 25/12/2020 |
| Citation norme APA : | Stef, N., & Zenou, E. (2021). Management-to-staff ratio and a firm’s exit. Journal of Business Research, 125, 252‑260. https://doi.org/10.1016/j.jbusres.2020.12.027 |
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 Management-to-staff ratio and a firm's exit Adobe Acrobat PDF |
