Private equity and employment - the Davos/WEF/Harvard study
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Hall, David (2008) Private equity and employment - the Davos/WEF/Harvard study. Technical Report. PSIRU, London, UK.
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Official URL: http://www.psiru.org/reports/2008-02-PE-WEF.doc
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 |
| School / Department / Research Groups: | School of Business School of Business > Public Services International Research Unit |
| Related URLs: | |
| Last Modified: | 15 Jun 2011 15:49 |
| URI: | http://gala.gre.ac.uk/id/eprint/2430 |
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