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 / School / Research Centre / Research Group:	Faculty of Business > Centre for Work and Employment Research (CREW) > Public Services International Research Unit (PSIRU)
Related URLs:	Publisher Organisation Organisation
Last Modified:	11 Feb 2020 13:15
URI:	http://gala.gre.ac.uk/id/eprint/2430

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