Clinebell and Clinebell (1994)

Clinebell, S. and J. Clinebell. "The Effect of Advanced Notice of Plant Closings on Firm Value." Journal of Management, 1994.

From the authors' abstract:  "With the increased attention focused on plant closings, the topic of advance notice has...gained prominence. This paper examines the issue of advance notice for plant closings and its effect on firm value. The findings of this study indicate that longer periods of advance notice have significant negative effects on firm value."

Link:  https://www.sciencedirect.com/science/article/pii/0149206394900027