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Omistajuuden vaikutus suomalaisen työllisyyden kasvuun ja pysyvyyteen

Author

Listed:
  • 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.

Suggested Citation

  • Pajarinen, Mika & Rouvinen, Petri & Ylä-Anttila, Pekka, 2011. "Omistajuuden vaikutus suomalaisen työllisyyden kasvuun ja pysyvyyteen," Discussion Papers 1242, The Research Institute of the Finnish Economy.
  • Handle: RePEc:rif:dpaper:1242
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    Cited by:

    1. Maliranta, Mika & Nurmi, Satu, 2016. "Business Owners, Employees and Firm Performance," ETLA Working Papers 42, The Research Institute of the Finnish Economy.

    More about this item

    Keywords

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

    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; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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