Marques, TâniaGonzález, Isabel SuarézCruz, PedroFerreira, Manuel Portugal2021-08-272021-08-272011Marques, T., González, I. S., Cruz, P. & Ferreira, M. P. (2011). Downsizing and profitability: an empirical study of portuguese firms between 1993-2005. International Journal of Business and Economics, 10(1), 13-26.2545-4137http://hdl.handle.net/10400.8/6166Although firms may resort to downsizing strategies to improve financial performance, the actual outcome of downsizing is inconclusive. Testing a sample of 1,357 Portuguese firms, we conclude that firms that downsize tend to continue to underperform compared to those that do not downsize.engDownsizing effectsDownsizing performanceFinancial performancePortugal JEL classification: G34journal article