The market reaction to announced deep cuts in capital expenditures
作者:
Yang‐Tzong Tsay,
Frank Alt,
Lawrence A. Gordon,
期刊:
Managerial and Decision Economics
(WILEY Available online 1993)
卷期:
Volume 14,
issue 1
页码: 1-14
ISSN:0143-6570
年代: 1993
DOI:10.1002/mde.4090140102
出版商: John Wiley&Sons, Ltd.
数据来源: WILEY
摘要:
AbstractThe objective of the study reported in this paper was to examine the role of deep cuts in capital expenditures as a firm's strategy for becoming more efficient and, in turn, more competitive. Based on an empirical study, support is provided for the argument that deep cuts in capital expenditures may be a viable strategy for realigning corporate priorities toward a more efficient operation. The measure of performance utilized in this paper is the stock market reaction to announced deep cuts.
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