人力精簡與財務績效：整合經濟與心理契約觀點

以作者查詢圖書館館藏

、以作者查詢臺灣博碩士

、以作者查詢全國書目

、勘誤回報

、線上人數：25

、訪客IP：18.226.177.223

姓名

劉懿(Yi Liu) 查詢紙本館藏

畢業系所

人力資源管理研究所

論文名稱

人力精簡與財務績效：整合經濟與心理契約觀點
(Employee Downsizing and Financial Performance: Integrating Economic and Psychological Contract perspectives)

相關論文

★ 業務主管領導力對部屬招募行為之影響-以S壽險公司為例	★ 人力精簡對企業績效的影響–以產業特性為調節變項
★ 經理人超額薪酬、經理人異動與公司績效之關係	★ 人口老化對企業之影響與因應對策-以傳統產業為例
★ 運用羅吉斯迴歸探討企業績效、公司治理與經理人異動之關聯性	★ 護理人員組織承諾與專業承諾對離職傾向與離業傾向的影響
★ 運用存活分析探討高科技產業招募者人格特質與離職風險之關聯性-以A公司為例	★ 金融電子化對台灣銀行業組織績效及人力彈性影響之探討
★ 人力資源部門角色與功能轉變之個案研究	★ 高階主管薪酬級距與公司績效之關聯性分析
★ 人力招募政策及主管領導風格對新進人員晉升與離職傾向之影響-以房仲業S公司為例	★ 影響台灣勞工赴海外就業的決定性因素
★ 董事會特性對企業績效之影響-以人力資本為調節變項	★ 董事會異質性之決定因素
★ 公司治理結構與就業調整	★ 總經理雙元性、股權集中度、人力資本與組織績效

檔案

[Endnote RIS 格式]

[Bibtex 格式]

[相關文章]

[文章引用]

[完整記錄]

[館藏目錄]

至系統瀏覽論文 ( 永不開放)

摘要(中)

近幾十年來，出現許多探討人力精簡對組織影響的相關研究，但仍無法得出一個決定性的結論。故本研究探討人力精簡對組織財務績效的影響，在考量長短期與公司財務狀況的基礎上，結合最普遍被用來推論人力精簡議題的兩個觀點—經濟利益理論與心理契約理論，試圖提供一個更全面的邏輯推導。本研究蒐集台灣上市上櫃公司於2009至2014年的長期資料，使用742家公司，共3503筆樣本。研究顯示從事人力精簡的公司在當年度的組織績效雖會劣於未進行人力精簡的公司，但其未來兩年度之組織績效會顯著優於他們。此外，研究發現情況良好的組織若進行精簡活動，會造成負向的影響，但財務有危機的組織若進行精簡，會提升其財務表現。

摘要(英)

Though the empirical studies on the consequences of employee downsizing have increased significantly over the last decades, the results remain inconclusive. This paper attempts to predict the financial effect of workforce reduction by consolidating economic theory and psychological contract theory to generate a more fundamentally concrete logic in assuming the outcome of downsizing regarding the time frame and financial condition. Collecting data from companies listed on the Taiwan Stock Exchange between 2009 and 2014, the study examined the unbalanced panel data with 742 firms and 3503 observations. The results indicate that the downsizers significantly underperformed the non-downsizers in financial performance in the year of employment restructuring. However, in the 2 years following employee downsizing, the firms that had job cuts significantly outperformed their counterparts. Moreover, the findings indicate that healthy firms that downsize receive negative returns, whereas firms that are financially distressed have superior financial outcomes after downsizing.

關鍵字(中)

★ 人力精簡

關鍵字(英)

★ Employee Downsizing
★ Economic Theory
★ Psychological Contract Theory
★ Financial Performance

論文目次

CONTENTS
I. INTRODUCTION 1
II. LITERATURE REVIEW AND HYPOTHESIS 4
1. Employee Downsizing 4
2. Effect of Employee Downsizing on Firm Performance 5
2.1 Economic theory 6
2.2 Psychological contract theory 7
2.3 An integrated perspective on downsizing outcomes 8
III. METHOD 12
1. Data and Sample 12
2. Variables 13
2.1 Dependent variables 13
2.2 Independent variables 13
3. Data Analysis 15
IV. RESULTS 17
1. Descriptive Statistics 17
2. Regression Results 17
3. Discussion 20
V. ROBUSTNESS CHECK AND EXTENSION 24
1. Robustness Check 24
2. Extension 24
VI. CONCLUSION 29

參考文獻

Allison, P. D. (2009). Fixed effects regression models (Vol. 160). SAGE publications.
Anderson, R. C., & Reeb, D. M. (2003). Founding-family ownership and firm performance: Evidence from the S&P 500. Journal of finance, 1301-1328.
Armstrong‐Stassen, M. (1994). Coping with transition: A study of layoff survivors. Journal of Organizational Behavior, 15(7), 597-621.
Bankins, S. (2015). A process perspective on psychological contract change: Making sense of, and repairing, psychological contract breach and violation through employee coping actions. Journal of Organizational Behavior, 36(8), 1071-1095.

Bies, R. J. (1987). The predicament of injustice: The management of moral outrage. Research in organizational behavior.
Brockner, J., & Greenberg, J. (1990). The impact of layoffs on survivors: An organizational justice perspective. Applied social psychology and organizational settings, 45, 75.
Brockner, J., Grover, S., O′Malley, M. N., Reed, T. F., & Glynn, M. A. (1993). Threat of future layoffs, self‐esteem, and survivors′ reactions: Evidence from the laboratory and the field. Strategic Management Journal, 14(S1), 153-166.
Brockner, J., Spreitzer, G., Mishra, A., Hochwarter, W., Pepper, L., & Weinberg, J. (2004). Perceived control as an antidote to the negative effects of layoffs on survivors′ organizational commitment and job performance.Administrative Science Quarterly, 49(1), 76-100.
Bruton, G. D., Keels, J. K., & Shook, C. L. (1996). Downsizing the firm: Answering the strategic questions. The Academy of Management Executive,10(2), 38-45.
Budros, A. (1999). A conceptual framework for analyzing why organizations downsize. Organization Science, 10(1), 69-82.
Cameron, K. S. (1994). Strategies for successful organizational downsizing. Human Resource Management-New York, 33(2), 189-212.
Cascio, W. F. (1993). Downsizing: What do we know? What have we learned?.The Academy of Management Executive, 7(1), 95-104.
Cascio, W. F. (2010). Downsizing and redundancy. The Sage handbook of human resource management, 334-346.
Cascio, W. F. (2010). Employment downsizing: causes, costs, and consequences. In More than Bricks in the Wall: Organizational Perspectives for Sustainable Success (pp. 87-96).
Cascio, W. F. (2002). Responsible restructuring: Creative and profitable alternatives to layoffs. Berrett-Koehler Publishers.
Cascio, W. F., & Wynn, P. (2004). Managing a downsizing process. Human Resource Management, 43(4), 425.
Cascio, W. F., & Young, C. E. (2003). Financial consequences of employment-change decisions in major US corporations, 1982-2000. Resizing the organization, 131-156.
Cascio, W. F., Young, C. E., & Morris, J. R. (1997). Financial consequences of employment-change decisions in major US corporations. Academy of management Journal, 40(5), 1175-1189.
Chadwick, C., Hunter, L. W., & Walston, S. L. (2004). Effects of downsizing practices on the performance of hospitals. Strategic Management Journal, 25(5), 405.
Chalos, P., & Chen, C. J. (2002). Employee downsizing strategies: Market reaction and post announcement financial performance. Journal of Business Finance & Accounting, 29(5‐6), 847-870.
Chatrath, A., Ramchander, S., & Song, F. (1995). Are market perceptions of corporate layoffs changing?. Economics Letters, 47(3), 335-342.
Chhinzer, N. N., & Currie, E. (2014). Assessing longitudinal relationships between financial performance and downsizing. Management Decision, 52, 1474-1490.
Datta, D. K., Guthrie, J. P., Basuil, D., & Pandey, A. (2010). Causes and effects of employee downsizing: A review and synthesis. Journal of Management, 36(1), 281-348.
De Meuse, K. P., Vanderheiden, P. A., & Bergmann, T. J. (1994). Announced layoffs: Their effect on corporate financial performance. Human Resource Management, 33(4), 509-530.
De Meuse, K. P., Bergmann, T. J., Vanderheiden, P. A., & Roraff, C. E. (2004). New evidence regarding organizational downsizing and a firm′s financial performance: A long-term analysis. Journal of Managerial Issues, 155-177.
De Vries, M. F. K., & Balazs, K. (1997). The downside of downsizing. Human relations, 50(1), 11-50.
Dewitt, R. L. (1998). Firm, industry, and strategy influences on choice of downsizing approach. Strategic Management Journal, 19(1), 59-79.
Espahbodi, R., John, T. A., & Vasudevan, G. (2000). The effects of downsizing on operating performance. Review of Quantitative Finance and Accounting, 15(2), 107-126.
Farrell, M. A., & Mavondo, F. (2005). The effect of downsizing-redesign strategies on business performance: Evidence from Australia. Asia Pacific Journal of Human Resources, 43(1), 98-116.
Filatotchev, I., Buck, T., & Zhukov, V. (2000). Downsizing in privatized firms in Russia, Ukraine, and Belarus. Academy of Management Journal, 43(3), 286-304.
Fisher, S. R., & White, M. A. (2000). Downsizing in a learning organization: are there hidden costs?. Academy of Management Review, 25(1), 244-251.
Franz, D. R., Crawford, D., & Dwyer, D. J. (1998). Downsizing, corporate performance, and shareholder wealth. American Journal of Business, 13(1), 11-20.
Freeman, S. J. (1994). Organizational downsizing as convergence or reorientation: Implications for human resource management. Human Resource Management, 33(2), 213-238.
Freeman, S. J., & Cameron, K. S. (1993). Organizational downsizing: A convergence and reorientation framework. Organization Science, 4(1), 10-29.
Gakovic, A., & Tetrick, L. E. (2003). Psychological contract breach as a source of strain for employees. Journal of Business and Psychology, 18(2), 235-246.
Gerber, P. D., Nel, P. S., & Van Dyk, P. S. (1987). Human resources management. Southern Book Publishers.
Goins, S., & Gruca, T. S. (2008). Understanding competitive and contagion effects of layoff announcements. Corporate Reputation Review, 11(1), 12-34.
Greenhalgh, L., Lawrence, A. T., & Sutton, R. I. (1988). Determinants of work force reduction strategies in declining organizations. Academy of Management review, 13(2), 241-254.
Hitt, M. A., Keats, B. W., Harback, H. F., & Nixon, R. D. (1994). Rightsizing: Building and maintaining strategic leadership and long-term competitiveness. Organizational Dynamics, 23(2), 18-32.
Kang, J. K., & Shivdasani, A. (1997). Corporate restructuring during performance declines in Japan. Journal of Financial Economics, 46(1), 29-65.
Kolisch, R., Meyer, K., & Mohr, R. (2005). Maximizing R&D portfolio value. Research-Technology Management, 48(3), 33-39.
Kozlowski, S. W., Chao, G. T., Smith, E. M., & Hedlund, J. (1993). Organizational downsizing: Strategies, interventions, and research implications.International review of industrial and organizational psychology, 8(8), 263-332.
Lazarus, R. S., & Folkman, S. (1984). Stress, appraisal, and coping. Springer publishing company.
Lee, P. M. (1997). A comparative analysis of layoff announcements and stock price reactions in the United States and Japan. Strategic Management Journal, 18(11), 879-894.
Levinson, H., Price, C. R., Munden, K. J., Mandl, H. J., & Solley, C. M. (1962). Men, management, and mental health.
Makawatsakul, N., & Kleiner, B. H. (2003). The effect of downsizing on morale and attrition. Management Research News, 26(2/3/4), 52-62.
McKinley, W., Sanchez, C. M., & Schick, A. G. (1995). Organizational downsizing: Constraining, cloning, learning. The Academy of Management Executive, 9(3), 32-42.
Mishra, A. K., & Spreitzer, G. M. (1998). Explaining how survivors respond to downsizing: The roles of trust, empowerment, justice, and work redesign. Academy of management Review, 23(3), 567-588.
Mone, M. A. (1994). Relationships between self‐concepts, aspirations, emotional responses, and intent to leave a downsizing organization. Human Resource Management, 33(2), 281-298.
Morris, J. R., Cascio, W. E., & Young, C. E. (2000). Downsizing after all these years: Questions and answers about who did it, how many did it, and who benefited from it. Organizational Dynamics, 27(3), 78-87.
Morrison, E. W., & Robinson, S. L. (1997). When employees feel betrayed: A model of how psychological contract violation develops. Academy of management Review, 22(1), 226-256.
Nixon, R. D., Hitt, M. A., Lee, H. U., & Jeong, E. (2004). Market reactions to announcements of corporate downsizing actions and implementation strategies. Strategic Management Journal, 25(11), 1121-1129.
Palmon, O., Sun, H. L., & Tang, A. P. (1997). Layoff announcements: Stock market impact and financial performance. Financial management, 54-68.
Perry, T., & Shivdasani, A. (2005). Do Boards Affect Performance? Evidence from Corporate Restructuring. The Journal of Business, 78(4), 1403-1432.
Robbins, D. K., & Pearce, J. A. (1992). Turnaround: Retrenchment and recovery. Strategic management journal, 13(4), 287-309.
Rousseau, D. M. (1989). Psychological and implied contracts in organizations. Employee responsibilities and rights journal, 2(2), 121-139.
Schalk, R., & Roe, R. E. (2007). Towards a dynamic model of the psychological contract. Journal for the Theory of Social Behaviour, 37(2), 167-182.
Selling, T. I., & Stickney, C. P. (1989). The effects of business environment and strategy on a firm′s rate of return on assets. Financial Analysts Journal, 45(1), 43-52.
Sheaffer, Z., Carmeli, A., Steiner-Revivo, M., & Zionit, S. (2009). Downsizing strategies and organizational performance: a longitudinal study. Management Decision, 47(6), 950-974.
Skinner, E. A., Edge, K., Altman, J., & Sherwood, H. (2003). Searching for the structure of coping: a review and critique of category systems for classifying ways of coping. Psychological bulletin, 129(2), 216.
Trevor, C. O., & Nyberg, A. J. (2008). Keeping your headcount when all about you are losing theirs: Downsizing, voluntary turnover rates, and the moderating role of HR practices. Academy of Management Journal, 51(2), 259-276.
Turnley, W. H., & Feldman, D. C. (1999). The impact of psychological contract violations on exit, voice, loyalty, and neglect. Human relations, 52(7), 895-922.
Wagar, T. H. (1997). Factors affecting permanent workforce reduction: Evidence from large Canadian organizations. Canadian Journal of Administrative Sciences, 14(3), 303-314.
Wayhan, V. B., & Werner, S. (2000). The impact of workforce reductions on financial performance: A longitudinal perspective. Journal of Management, 26(2), 341-363.
Whetten, D. A. (1987). Organizational growth and decline processes. Annual review of sociology, 335-358.
Yu, G. C., & Park, J. S. (2006). The effect of downsizing on the financial performance and employee productivity of Korean firms. International Journal of Manpower, 27(3), 230-250.

指導教授

陳明園(Ming-Yuan Chen)

審核日期

2016-6-22

推文