Bearing the Burden of Corporate Restructuring: Job Loss and Precarious Employment in Canadian Journalism

ABSTRACT

This article reports on job loss among Canadian journalists between 2012 and 2016. Building on Australian research on the aftermath of job loss in journalism, this article examines the experiences of 197 journalists who were laid off or who took a buyout, voluntarily or not, due to corporate restructuring in Canadian media (both French and English). To date, no scholarly research in Canada has examined what happens to journalists after they are laid off, including the personal and professional experiences journalists undergo when they lose their job and seek a new one, or the implications of these experiences for Canadian journalism in general. Overall, in a result that mirrors laid-off Australian journalists’ experiences of re-employment, we find a dramatic shift among journalists’ employment status and a decline in incomes after job loss. The majority of our survey participants moved from full-time, secure, and well remunerated work to more precarious forms of employment in and out of journalism, including freelance, contract and part-time. This shift in employment status demonstrates underlying precariousness in Canadian journalism. We argue that job loss in journalism has implications for broader social life and for journalism as an institution vital for participation in democratic life.     

管理层收购中的信息使用问题

管理层收购前进行的尽职调查需要使用大量的公司信息,管理层在使用这些信息是不应违反其对公司所负的忠实义务.应对管理层使用公司信息的行为进行规制以保护公司的利益.     

杠杆收购价值源泉的探讨

成功的杠杆收购常常使收购集团和出售股票的股东的价值得以提高，这一价值的提高主要来源于股票市价被严重低估，企业私有化所创造出来的价值，以及从其它方面转移给出售股票的股东和收购集团的价值。     

中国上市公司管理层收购长期财富效应实证研究

本文以1997年到2007年所发生的56起上市公司管理层收购案例作为研究样本,运用因子分析法和单因素方差分析法对股东的长期财富效应进行了实证研究,得出了管理层收购后上市公司的长期绩效下降,没有给股东带来长期财富效应的研究结论.对造成这种现象的原因进行了深入分析,并提出了政策建议.     

西方MBO动因理论及其在我国实践中的异化分析

MBO（Management Buyouts）是杠杆收购（LBO）的一种重要形式，20世纪70-80年代风靡欧美，20世纪90年代末引入我国企业改革实践，曾一度成为我国产权改革的一种重要方式。由于我国正处于经济转型期，MBO相关法规不健全，MBO动因背离了降低委托代理成本，改善经理激励等积极动因理论，管理层利益侵占成为当前我国MBO的重要动因，产生当前这种异化的主要原因在于信息不对称、经理人市场的缺失和股权交易市场的不完善。