Essays on employment downsizing: evidence from Belgian SMEs

This dissertation provides a comprehensive analysis of downsizing decisions in SMEs, shedding light on the multifaceted factors influencing downsizing likelihood, the role of employment protection and business group affiliations, and the subsequent risk of bankruptcy. In a broader sense, this dissertation contributes to the understanding of how downsizing in SMEs is not merely a reactive measure but a decision deeply embedded within regulatory, financial, and organizational structures that impact long-term survival. By examining these elements, this research provides valuable implications for the development of supportive frameworks that can help SMEs navigate the complexities of downsizing while sustaining their essential role in the economy.