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

Author

Listed:
  • 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)

  • Chris Brewster

    (Henley Business School [University of Reading] - UOR - University of Reading, University of Vaasa, Radboud University [Nijmegen], ISCTE-IUL - Instituto Universitário de Lisboa)

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.

Suggested Citation

  • Anne Stévenot & Loris Guery & Geoffrey Wood & Chris Brewster, 2018. "Country of Origin Effects and New Financial Actors: Private Equity Investment and Work and Employment Practices of French Firms," Post-Print hal-02494787, HAL.
    • Handle: RePEc:hal:journl:hal-02494787
    DOI: 10.1111/bjir.12284
    Note: View the original document on HAL open archive server: https://hal.univ-lorraine.fr/hal-02494787
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