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The Impact of Private Equity on Employment: The Consequences of Fund Country of Origin—New Evidence from France
Author(s) -
Guery Loris,
Stevenot Anne,
Wood Geoffrey T.,
Brewster Chris
Publication year - 2017
Publication title -
industrial relations: a journal of economy and society
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.61
H-Index - 57
eISSN - 1468-232X
pISSN - 0019-8676
DOI - 10.1111/irel.12193
Subject(s) - private equity , capitalism , equity (law) , propensity score matching , private equity fund , private equity firm , economics , demographic economics , labour economics , finance , political science , statistics , mathematics , politics , law
This article explores the country of origin effects of private equity investment on employment in France. Using propensity score matching methodology applied to establishment‐level survey data, we find that foreign investors are significantly more likely to induce job shedding and employment insecurity than are French investors. As suggested by the literature on comparative capitalism, national differences may persist in conjunction with commonalities and trends in global capitalism.