Country of Origin Effects and New Financial Actors: Private Equity Investment and Work and Employment Practices of French Firms
研究私募股权投资对法国企业工作与雇佣实践的影响,发现外国私募股权加剧工作不安全感、减少培训支出并压低工资,而法国本土私募股权则无此效应。
Abstract This is a study of the effects of alternative investors on a range of work and employment practices in France, paying specific attention to whether investors are indigenous or not. We use data from a detailed survey of French firms, and set our research in the context of the literature on comparative capitalisms. We find that private equity (PE) investments from abroad are associated with greater job insecurity, less spending on training and lower wages, but French PE investments are not. We explore the reasons behind this variation and the implications for theory and practice.