Abstract
Extracted from text ... Number 56 - Part 4 N Bhana* Layoff announcements, share price reaction and long-term financial performance on the JSE Securities Exchange *Principal: Regent Business School, PO Box 10686, Marine Parade 4056, Republic of South Africa. Visiting Professor, University of Luton Acknowledgement for the financial assistance of the National Research Foundation: Social Sciences and Humanities towards this research is hereby acknowledged. Opinions expressed in this paper and conclusions arrived at are those of the author and are not necessarily to be attributed to the National Research Foundation. Email: nbhana@regent.ac.za 1. Introduction Announcements of layoffs and corporate downsizing are generally viewed as ..
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