Doctoral Dissertation Research: Shareholder Value and the New American Workplace: Investor-Driven Downsizing, 1980-2007)

博士论文研究：股东价值和新的美国工作场所：投资者驱动的裁员，1980-2007）

• 批准号: 0926934
• 负责人: Frank Dobbin
• 金额: $ 0.42万
• 依托单位: Harvard University
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 2009
• 资助国家: 美国
• 起止时间: 2009-09-01 至 2010-08-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=0926934&HistoricalAwards=false
• 关键词: Doctoral; Dissertation; Research; Shareholder; Value

SES-0926934Frank DobbinJiwook JungHarvard UniversityEven before the current economic meltdown, waves of downsizing, starting in the late 1970s, had swept corporate America, eroding workers' expectations of economic security. But not only did downsizing become more prevalent during this period; its basic nature changed. Previously, firms had cut jobs temporarily, to adjust the size of their workforce during a downturn. Since the late 70s, firms have increasingly cut jobs in both good and bad times, and without any intention of hiring workers back. This dissertation research examines the mechanisms driving this new downsizing: it analyzes both downsizing announcements and actual implementation of the announced downsizing plans. The co-PI will examine announcements from more than 700 large U.S. corporations between 1980 and 2007, and detailed post-announcement information about workforce size and composition, obtained from the annual reports that establishments submit to the Equal Employment Opportunity Commission. Current findings show that at work in the new downsizing is a shift in ideology, from an emphasis on corporate growth and conglomeration to an emphasis on profitability and shareholder value, an ideology that both reflects and intensifies an increased influence of shareholders and the financial sector generally on firm behavior. The research advances the existing literature on corporate downsizing by focusing on the mechanisms behind downsizing, rather than its impact on corporate performance (as most economic studies have done). By analyzing both announcement and implementation of downsizing, the research is able to examine discrepancies between the two, in a way that studies focusing one on or the other cannot. As a broader implication, the research speaks to the new public concern, after the financial system meltdown, about the relationship between that system and employment. By elucidating the pre-history of the current situation and the mechanisms by which the financial sector influences employment, and assessing the magnitude of the influence empirically, the research helps lay a rational groundwork for the current heated discussions about regulating the financial sector.

SES-0926934Frank Dobbin Jiwook Jung 哈佛大学 即使在当前的经济崩溃之前，从 20 世纪 70 年代末开始的裁员浪潮就已经席卷了美国企业界，削弱了工人们对经济安全的期望。 但在此期间，裁员不仅变得更加普遍，而且还变得更加普遍。它的基本性质发生了变化。 此前，企业曾暂时裁员，以在经济低迷时期调整劳动力规模。 自 70 年代末以来，无论顺境还是逆境，企业都越来越多地裁员，而且无意重新雇用员工。 本论文研究探讨了推动这种新的裁员的机制：它分析了裁员公告和已宣布的裁员计划的实际执行情况。 联合首席检察官将审查 1980 年至 2007 年间 700 多家美国大型公司的公告，以及从企业向平等就业机会委员会提交的年度报告中获得的有关员工规模和构成的公告后详细信息。 目前的研究结果表明，新的裁员行动是意识形态的转变，从强调企业增长和集团化转向强调盈利能力和股东价值，这种意识形态既反映又强化了股东和金融部门的影响力的增强关于坚定的行为。 该研究通过关注裁员背后的机制，而不是其对企业绩效的影响（正如大多数经济研究所做的那样），推进了有关企业裁员的现有文献。 通过分析裁员的宣布和实施，该研究能够以一种只关注其中一方或另一方的研究无法做到的方式来检验两者之间的差异。 从更广泛的意义上来说，这项研究反映了金融体系崩溃后公众对金融体系与就业之间关系的新担忧。 本研究通过阐明金融业影响就业现状的前史和机制，并实证评估影响的大小，为当前有关监管金融业的热议奠定了理性的基础。