Country of Origin Effects and New Financial Actors: Private Equity Investment and Work and Employment Practices of French Firms

Anne Stévenot (), Loris Guery (), Geoffrey Wood and Chris Brewster ()
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Anne Stévenot: CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine
Loris Guery: CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine
Geoffrey Wood: Essex Business School - University of Essex

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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 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.

Keywords: Country of origin effects; Varieties of capitalism; Private equity; HRM strategies; Propensity score matching method. (search for similar items in EconPapers)
Date: 2018-12
Note: View the original document on HAL open archive server: https://hal.univ-lorraine.fr/hal-02494787v1
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Published in British Journal of Industrial Relations, 2018, 56 (4), pp.859-881. ⟨10.1111/bjir.12284⟩

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Journal Article: Country of Origin Effects and New Financial Actors: Private Equity Investment and Work and Employment Practices of French Firms (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02494787

DOI: 10.1111/bjir.12284

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