Abstract
During 2008 and 2009 a lot of firms presented labour force adjustment plan in Spain. Our research focuses on this kind of business response to the crisis and pursues to know what economic and financial features separate firms which present a labour force adjustment plan from those firms which do not respond in like manner. After testing the no existence of earnings management, the results evidence that problems in return, liquidity and financial expenses coverage, together with the importance of staff costs are determinant to a firm takes the decision of presenting a labour force adjustment plan
