This work employs the event study methodology to examine the effect of announcements of manufacturing reshoring on the market value of the firm. Only weak support for a positive average ‘abnormal return’ is found, while the existence of government financial incentives, or whether the announcement reports a ‘set decision’, versus a mere ‘plan to’ reshore, are ineffectual attributes. Moderate support for a positive effect on market value is identified when the firm announces a simultaneous plant closure abroad. Further, for the same sample of firms, the market reaction to offshoring announcements is not statistically significantly different than reshoring.
|Titolo:||The effect of reshoring decision announcements on the market value of the firm|
|Autori interni:||FRATOCCHI, LUCIANO|
|Data di pubblicazione:||2017|
|Appare nelle tipologie:||4.1 Contributo in Atti di convegno|