Dr Michel Goyer (University of Birmingham)
2E4, Priory Road Complex, BRISTOL BS8 1TU
Embedded in the literature on financialization and institutional approaches, this paper examines the undertaking of substantial downsizing schemes in three institutionally dissimilar settings, namely France, Germany and the United Kingdom. Using the fuzzy sets variant of QCA (fsQCA), the empirical findings of this paper highlight that while the undertaking of employment downsizing schemes have been prominent as a strategy of adjustment in the context of the financial crisis, the causal mechanisms associated with their introduction have been strikingly different. Our argument suggests that the growing importance of financial considerations in the governance of the corporation remains a contested process whose outcome is shaped by prevailing institutional configurations.