Omistajuuden vaikutus suomalaisen työllisyyden kasvuun ja pysyvyyteen
AbstractThe study investigates empirically how ownership affects firms domestic employment and its fluctuations. We look at six different ownership categories : first generation family businesses, second generation (or older) family businesses, state-owned companies, foreign-owned companies, publicly listed companies, and others (e.g. co-operatives and non-listed, non-family companies). It turns out that ownership matters. Volatility of employment in listed companies is much higher than in other firms. State-owned companies show the highest stability in employment, and they have also reduced their personnel less than others during the economic crisis of 2008-2009. The group of second generation family businesses shows higher stability of employment than first generation. Family businesses (especially the second or subsequent generation enterprises) are typically not high-growth firms. They seem to prefer stability over swift growth.
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Bibliographic InfoPaper provided by The Research Institute of the Finnish Economy in its series Discussion Papers with number 1242.
Length: 31 pages
Date of creation: 2011
Date of revision:
Find related papers by JEL classification:
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
- L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
- M14 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Corporate Culture; Social Responsibility
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