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Country of Origin Effects and New Financial Actors: Private Equity Investment and Work and Employment Practices of French Firms

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  • Anne Stevenot
  • Loris Guery
  • Geoffrey Wood
  • Chris Brewster

Abstract

This is a study of the effects of alternative investors on a range of work and employment practices in France, paying specific attention to whether investors are indigenous or not. We use data from a detailed survey of French firms, and set our research in the context of the literature on comparative capitalisms. We find that private equity (PE) investments from abroad are associated with greater job insecurity, less spending on training and lower wages, but French PE investments are not. We explore the reasons behind this variation and the implications for theory and practice.

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  • Anne Stevenot & Loris Guery & Geoffrey Wood & Chris Brewster, 2018. "Country of Origin Effects and New Financial Actors: Private Equity Investment and Work and Employment Practices of French Firms," British Journal of Industrial Relations, London School of Economics, vol. 56(4), pages 859-881, December.
    • Handle: RePEc:bla:brjirl:v:56:y:2018:i:4:p:859-881
    DOI: 10.1111/bjir.12284
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