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Private equity and employment - the Davos/WEF/Harvard study

Private equity and employment - the Davos/WEF/Harvard study

Hall, David (2008) Private equity and employment - the Davos/WEF/Harvard study. Technical Report. PSIRU, London, UK.

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Abstract

The World Economic Forum at Davos has published a major study showing that workplaces of firms taken over by private equity have 10% less employees 5 years after the takeover, than other similar workplaces. The rate of plant closures, opening, acquisitions and disposals is twice as high as in other firms, and the net effect is still a job loss of 3.6%-4.5% after only 2 years, compared with other firms. Firms taken over by private equity are also more likely to go bankrupt than publicly quoted firms.

Item Type: Monograph (Technical Report)
Additional Information: Published as a standalone note. It forms part of a broader report on private equity for EPSU.
Uncontrolled Keywords: private equity, employment, job loss
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
Faculty / Department / Research Group: Faculty of Business > Public Services International Research Unit (PSIRU)
Related URLs:
Last Modified: 14 Oct 2016 09:06
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/2430

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