1 option
Boarding a Sinking Ship? An Investigation of Job Applications to Distressed Firms / Jennifer Brown, David A. Matsa.
- Format:
- Book
- Author/Creator:
- Brown, Jennifer.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w18208.
- NBER working paper series no. w18208
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2012.
- Summary:
- We use novel data from a leading online job search platform to examine the impact of corporate distress on firms' ability to attract job applicants. Survey responses suggest that job seekers accurately perceive firms' financial condition, as measured by companies' credit default swap prices and accounting data. Analyzing responses to job postings by major financial firms during the Great Recession, we find that an increase in an employer's distress results in fewer and lower quality applicants. These effects are particularly evident when the social safety net provides workers with weak protection against unemployment and for positions requiring a college education.
- Notes:
- Print version record
- July 2012.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.