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Omistajuuden vaikutus suomalaisen työllisyyden kasvuun ja pysyvyyteen

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Author Info

  • Pajarinen, Mika
  • Rouvinen, Petri
  • Ylä-Anttila, Pekka

Abstract

The 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 Info

Paper provided by The Research Institute of the Finnish Economy in its series Discussion Papers with number 1242.

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Length: 31 pages
Date of creation: 2011
Date of revision:
Handle: RePEc:rif:dpaper:1242

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Related research

Keywords: ownership structure; family business; business objectives; employment; growth;

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