Omistajuuden vaikutus suomalaisen työllisyyden kasvuun ja pysyvyyteen

Mika Pajarinen, Petri Rouvinen and Pekka Ylä-Anttila

No 1242, Discussion Papers from The Research Institute of the Finnish Economy

Abstract: The study investigates empirically how ownership affects firms domestic employment and its fluctuations. We look at six different ownership categories : first generation family businesses, second generation (or older) family businesses, state-owned companies, foreign-owned companies, publicly listed companies, and others (e.g. co-operatives and non-listed, non-family companies). It turns out that ownership matters. Volatility of employment in listed companies is much higher than in other firms. State-owned companies show the highest stability in employment, and they have also reduced their personnel less than others during the economic crisis of 2008-2009. The group of second generation family businesses shows higher stability of employment than first generation. Family businesses (especially the second or subsequent generation enterprises) are typically not high-growth firms. They seem to prefer stability over swift growth.

Keywords: ownership structure; family business; business objectives; employment; growth (search for similar items in EconPapers)
JEL-codes: G32 L21 M14 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2011
New Economics Papers: this item is included in nep-ent
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Citations: View citations in EconPapers (2)

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