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Necessary and sufficient factors in employee downsizing? A qualitative comparative analysis of lay‐offs in France and the UK, 2008–2013
Authors:Michel Goyer  Ian Clark  Shabneez Bhankaraully
Institution:1. Organisation, Work and EmploymentBirmingham Business School;2. Centre for Sustainable Work and Employment FuturesUniversity of Leicester;3. Department of ManagementUniversity of Leicester;4. Organization, Work and EmploymentBirmingham Business School
Abstract:Embedded in the literature on financialization and institutional approaches, this study is an examination of the causal factors of employee downsizing in two institutionally dissimilar settings, France and the UK, using the fuzzy sets variant of Qualitative Comparative Analysis. The findings show that the roughly equivalent use of large‐scale lay‐offs in the two countries is coupled with strikingly different causal factors. Our argument suggests the importance of complex causation whereby employee downsizing reflects the growing influence of financial considerations in the governance of companies, but its diffusion across countries is shaped by different configurations of institutional arrangements.
Keywords:complex causation  employee downsizing  financialization  fuzzy sets QCA  institutional investors  institutions  leverage  ownership structures
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